Global markets: US stocks begins week in red due to approaching holidays 

Following the Federal Aviation Administration’s announcement of increased oversight of the airline as a result of many safety problems, United Airlines’ shares likewise experienced a 6% decrease.

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Due to the approaching Good Friday holiday, the US markets began the abbreviated week on a downbeat note. By 9:00 pm IST, the S&P 500 had dropped to 5,224.15, a 0.19 percent loss. Comparably, the Dow Jones Industrial Average fell by 0.30 percent to close at 39,357.68, and the Nasdaq Composite fell by 0.13 percent to 16,406.66.

The S&P 500 may hit 6000 if the mega-cap stock rise continues, according to Goldman Sachs Group Inc. analysts’ earlier comments of the day.

Following the Federal Aviation Administration’s announcement of increased oversight of the airline as a result of many safety problems, United Airlines’ shares likewise experienced a 6% decrease.

The Financial Times reported that new Chinese restrictions would forbid the use of Intel chips in government servers and computers. This news caused Intel shares to lead the market lower, falling 3%.

Notwithstanding these dips, the market is expected to post gains for a fifth straight month, as last week’s closing highs for the main U.S. stock benchmarks were unprecedented. While the Dow witnessed a gain of just less than 2% and approached the 40,000 level for its highest performance since December, the S&P 500 had an approximate 2.3% increase. Around 2.9% more was gained by the Nasdaq Composite in the same time frame.

In the meantime, the GIFT Nifty had a little increase, closing at 22,100.00.

Today’s performance of the European markets was uneven. The FTSE was up or down at 7,930.87 while the DAX and CAC were up. The CAC gained 0.11 percent, to 8,160.81, while the DAX increased by 0.27 percent, to 18,255.46.

Crude oil prices started the week off on a good note after recovering from earlier losses. WTI oil experienced a 1.72 percent increase to $82.02, while Brent oil saw a 1.57 percent increase to $86.77.

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