Why IMU is a multi multi bagger, page-20167

Global markets had an ordinary start for the year and were mixed.

In Europe, the FTSE fell 11 points (.15%), the DAX rose 17 points (.11%) and the CAC fell 12 points (.16%).

In the US, the DOW eked out a modest gain of just 25 points (.068%). The NBI had a very welcome rise of 86 points (1.98%). Hope this is a further indication that the biotech sector will do well in 2024.

The NASDAQ Composite dropped fairly dramatically and was down 245 points (1.63%). Apple fell 4.4% on the back of a downgrade from Barclays and this coloured the NASDAQ's performance.

The Russell small cap index fell 14 points (.7%).

US employment report due out on Friday and will give investors a pointer to where the economy is trending.

Oil prices fell but picked up in later trading after the US sunk 3 Houthi boats that were attacking a cargo ship. Brent crude at US$75.91.

Gold price is at US$2,059.

US Treasury 10 year bond yield has risen to 3.95%. Rising bond yield is not normally good for share markets.