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Weekly U.S. Stock Market Report Shows Diverse Performance

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us u.s. stock

For the first time in 2024, all three major indexes – the S&P 500, NASDAQ, and Dow – achieved a weekly total return of 2% or more. This collective advancement propelled each index to reach a new record high, marking a departure from the slight declines seen in the previous fortnight.

The stock market’s initially modest upward trajectory gained momentum early in the week, particularly following the Federal Reserve’s policy announcement on Wednesday. This pivotal event spurred the major indexes to record their most significant gains of the week. Subsequently, on Thursday, the S&P 500, NASDAQ, and Dow continued their positive momentum, culminating in record closing highs for each index.

Reviewing the U.S. Stock Markets, the Nasdaq Composite, recorded a decent drop  of 49 points, reaching a closing value of 16,379 points by the end of the week. Similarly, the S&P 500 index showed a positive trend, adding 20 points to settle at 5,254 points. Meanwhile, DJIA Index experienced a notable hike, adding 332 points during the week and concluding at 39,807 points after a week of gain.

In contrast, Russell 3000 Index saw a losing in week performance, with a slight hike of 17 points to reach 3,012 points by the end of the week.

Moving to Russell 2000 Index, demonstrated a notable surge of 52 points, ending the week at 2,124 points.

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Heidelberg Cement Discloses their Q3 Financials

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Heidelberg Cement

One of the listed companies,Heidelberg Cement Bangladesh Limited discloses its financial reports for the first quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 6.96 paisa in Q1 of the current financial year (January – March 24). EPS was Tk 6.85 paisa during the same period last year. NAV per share was Tk. 74.16 as of March 31, 2024.

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Matin Spinning Reports Impressive EPS Growth in Q3

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Matin Spinning

One of the listed companies, Matin Spinning Mills PLC discloses its financial reports for the third quarter, (January – March 24).

The company’s earnings per share (EPS) was Tk 0.98 paisa in Q3 of the current financial year (January – March 24). EPS was Tk 0.11 paisa during the same period last year. NAV per share  (with revaluation reserves) was Tk. 57.19 as on March 31, 2024.

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EPS hikes for Prime Bank in Q1

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Prime Bank

One of the listed companies, Prime Bank PLC discloses its financial reports for the first quarter, (January – March 24).

The company’s Consolidated earnings per share (EPS) was Tk 1.16 paisa in Q1 of the current financial year (January – March 24). Consolidated EPS was Tk 0.92 paisa during the same period last year. Consolidated NAV per share was Tk. 31.93 as of March 31, 2024.

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