Global Markets: Nasdaq, Dow maintain upward streak; SGX Nifty opens higher

Overnight, Wall Street ends sharply higher as strong earnings reports and improving economic data got most of the attention. SGX Nifty climbs. Gold also surges amidst a weaker U.S. dollar and continuing appetite for hedging risk sent gold above $2,050 an ounce to record highs.

Nasdaq continuing the upward streak and  and creating record highs for the 5th consecutive day in the markets,S&P 500 just 2% away to reach the level it touched earlier in February.

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Highlights as of 7 am:

  • Nasdaq hit the 11000 level, Up 57 points to 10998 at close.
  • Dow jones jumped massive 373 points to close at 27202.
  • S&P 500 just 2% away to reach the February level, Closed gaining 21 points.
  • Gold prices keep on surging, closed up 6 points at $2056/ounce.
  • SGX Nifty opens higher by 37 points to 11153 on Thursday.
  • All Asian indices trade green at opening.
  • Nikkei at opening added 35 points to 22550.
  • Hang Seng up nearly 100 points to 25201.
  • Indian indices likely to open higher tracking strong global cues and positive trends on SGX.