Overnight Market Brief – 16 August 2021
The S&P 500 and Dow Jones Industrial Average hit fresh all-time highs on Friday as both indexes capped off modest gains for the week. The Dow (+0.04%) finished the day up 15.53 points to close at a record 35,515.38, while the S&P 500 (+0.16%) added and finished at 4,468.00, a new closing record. The Nasdaq Composite (+0.04%) ticked up to 14,822.90. The VIX Index (-0.9%) declined to 15.45. The yield on the 10-year Treasury note was 6.9 basis points lower at 1.29%, but the benchmarks is up from 1.28% last Friday. The US Dollar Index (-0.6%) was down 0.6% on the session but 0.3% lower on the week.
Singapore shares fell on Friday, tracking a broader decline in regional markets. Among the STI counters, OCBC was the largest decliner on Friday, with its shares falling 2.6 per cent or S$0.32 to close at S$11.97, as the stock went ex-dividend. Singtel shares gained 0.8 per cent on Friday to close at S$2.39. For the week, Singtel was up 4.8 per cent – the top STI performer – after it posted on Thursday a net profit of S$445 million for its first quarter, reversing the previous year’s net loss