The Dow Jones Industrial Average rallied the most in over a month as traders cheered the revival of Wall Street's IPO market and a decent batch of economic data. The Dow was up for the first day in three, climbing 331.58 points, or 0.96 per cent to 34,907.11. The 30-stock index closed above its 50-day moving average for the first time since Sept. 1. It was also the blue-chip average's best day since Aug. 7.

Arm shares surged 24.7 per cent after the chip design company started trading Thursday. Investors hope the biggest tech offering of the year could kickstart a sleepy IPO market. Arm's initial public offering was priced at $51 a share Wednesday. In its first day, it closed at $63.59 a share. In addition, investors digested a raft of economic reports pointing to tamer core inflation data and a resilient consumer.

August's producer price index showed core PPI was held in check last month. Core PPI, which excludes food and energy, increased 0.2 per cent, in line with what was anticipated by economists polled by Dow Jones. However, the headline number rose 0.7 per cent, more than the expected 0.4 per cent increase.

European markets closed higher. London's FTSE gained 1.95 per cent, Frankfurt added 0.97 per cent, and Paris closed 1.19 per cent higher. Turning to Asian markets, Tokyo's Nikkei gained 1.41 per cent, Hong Kong's Hang Seng added 0.21 per cent while China's Shanghai Composite closed 0.11 per cent higher.

Gold added 0.2 per cent. Silver fell 0.81 per cent. Copper added 0.75 per cent. Oil gained 1.85 per cent.

Dow Jones 34,907.11 +331.58 +0.96%
US S&P 500 4,505.10 +37.66 +0.84%
US Nasdaq 13,926.05 +112.47 +0.81%
UK FTSE 100 7,673.08 +147.09 +1.95%

RECENT INDIAN OCEAN SECURITIES TRANSACTIONS

Balkan Mining Minerals Limited (ASX:BMM) Mining Exploration Sector IPO at $0.20 Price Change from IPO Investment: + $0.175 / 85.50%
Smart Auto Australia Limited (NSX:SAL) Electric Commercial Vehicles Sector IPO at $0.10 Price Change from IPO Investment: + $0.10 / 100%
Azure Health Technology Limited (NSX:VTL) Health Technology IPO at $0.20 Price Change from latest Investment entry: - 0.05 / 25%
Albion Resources Limited (ASX:ALB) Diversified Metals & Mining IPO at $0.20 Price Change from latest Investment entry: - $0.015 / 7.5%
Sprintex Limited (ASX:SIX) Auto Parts & Equipment IPO at $0.086 Price Change from latest Investment entry: - $0.013 / 15.12%
Jadar Resources Limited (ASX:JDR) Diversified Metals & Mining Private Placement at $0.03 Price Change from latest Investment entry : - $0.007 / 23.33%
Krakatoa Resources Limited (ASX:KTA/KTAOC) Gold Sector Private Placement at $0.06 Price Change from latest Investment entry : - $0.008 / 13.33%
PYX Resources Limited (NSX:PYX) Diversified Metals & Mining IPO at $0.40 Price Change from latest Investment entry: + $0.76 / 190%
Cokal Limited (ASX:CKA) Steel Sector Funding at $0.04 Price Change from latest Investment entry: + $0.036 / 90%
Cyclone Metals Limited (ASX:CLE) Steel Sector Placement: at $0.0017 Price Change from latest Investment entry: + $0.0073 / 429.41%
Food Revolution Limited (ASX:FOD) Packaged Foods & Meat Placement at $0.035 Price Change from latest Investment entry : - $0.0007 / 20%
Synertec Corporation Limited (ASX:SOP) Technology Sector Placement at $0.023 Price Change from latest Investment entry: + $0.077 / 334.78%
Douugh Limited (ASX:DOU) Wireless Telecommunications Services Placement at $0.020 Price Change from latest Investment entry: + $0.074 / 370%
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Advanced Share Registry Limited published this content on 15 September 2023 and is solely responsible for the information contained therein. Distributed by Public, unedited and unaltered, on 15 September 2023 07:28:10 UTC.