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Crude Oil Gains Around 4%; US Business Activity Declines In March
Benzinga· 2026-03-24 16:00
U.S. Stock Market - The Dow Jones index increased by 0.13% to 46,267.56, gaining more than 50 points [1] - The NASDAQ decreased by 0.49% to 21,839.82, while the S&P 500 fell by 0.05% to 6,577.63 [1] - Energy shares rose by 2.5%, while communication services stocks dropped by 1.2% [1] Economic Indicators - The flash S&P Global composite PMI declined to 51.4 in March from 51.9 in February, marking the lowest reading since April 2025 [2] Commodity Market - Oil prices increased by 3.9% to $91.56, while gold prices decreased by 0.2% to $4,399.90 [3] - Silver fell by 0.6% to $68.945, and copper dropped by 0.8% to $5.4295 [3] European Market - European shares were mostly lower, with the eurozone's STOXX 600 falling by 0.1% and Spain's IBEX 35 Index declining by 0.7% [4] - London's FTSE 100 rose by 0.2%, while Germany's DAX and France's CAC 40 fell by 0.7% and 0.2% respectively [4] Asia Pacific Markets - Asian markets closed higher, with Japan's Nikkei 225 gaining 1.43%, Hong Kong's Hang Seng index rising by 2.79%, China's Shanghai Composite increasing by 1.78%, and India's BSE Sensex surging by 1.89% [5]
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