Overnight Market Brief – 27 September 2021
The S&P 500 and the Dow Jones Industrial Average eked out gains on Friday, wrapping up a volatile week on Wall Street. A move by China to ban cryptocurrencies weighed on the technology sector and Nike shares fell as supply chain issues stemming from the pandemic hit the sneaker giant. The Dow Jones Industrial Average gained 33.18 points, or 0.10%, to 34,798.00. The S&P 500 edged 0.15% higher to 4,455.48 and the Nasdaq Composite ticked down 0.03% to 15,047.70. The VIX Index (-4.72%) declined to 17.75. The ICE US Dollar Index (-0.20%) fell on Friday but was up about 0.1% for the week.
Singapore shares ended lower last Friday amidst the rise in Covid-19 cases that dampened investors’ outlook of economic recovery. Last-mile logistics company Ninja Van has raised U$578 million in a Series E funding round, with Alibaba Group among the list of investors.