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Market Wrap: Stocks, Bonds, Commodities |
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On Wednesday, the Dow Jones marked a record closing level for the third consecutive session, as it advanced 263 points (+0.49%) to 54,349.
On the other hand, the S&P 500 slipped 12 points (-0.17%) to 7,723, and the Nasdaq 100 declined 245 points (-0.83%) to 29,487.
Nvidia (NVDA) rose 3.43%, posting a five-session rally.
On the other hand, Alphabet (GOOGL) retreated 4.03%, Amazon (AMZN) fell 1.72%, and Microsoft (MSFT) was down 1.09%.
After reporting quarterly results, Advanced Micro Devices (AMD) dropped 7.04%, Space Exploration Technologies (SPCX) sank 13.61%, and Uber Technologies (UBER) was down 5.29%.
In contrast, Shopify (SHOP) soared 16.98%, Eli Lilly (LLY) jumped 4.86%, and Walt Disney (DIS) gained 3.65%, as these companies’ quarterly results beat expectations.
The 10-year U.S. Treasury yield was largely flat at 4.615%.
In Europe, the DAX 40 eased 0.29%, the CAC 40 edged up 0.03%, and the FTSE 100 added 0.08%.
U.S. WTI crude futures dipped 55 cents to 75.22 dollars a barrel. U.S. data showed an addition of 2.5 million barrels in crude-oil stockpiles, in great contrast to a reduction of 1.5 million barrels expected.
Spot gold surged 170 dollars (+4.18%) to 4,247 dollars an ounce, the biggest daily increase since February.
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The U.S. dollar weakened further against major currencies, with EUR/USD climbing to 1.1549 and GBP/USD up to 1.3458.
USD/JPY edged up 8 pips to 157.80, while USD/CHF declined 17 pips to 0.8072, and USD/CAD dropped 49 pips to 1.4012.
In the U.S., the ADP jobs report showed an addition of 44,000 private payrolls in July, fewer than expected. Meanwhile, the Institute for Supply Management (ISM) services index edged up to 54.1, lower than expected.
The Eurozone's producer price inflation slowed to 4.6% year-on-year in June from 5.9% in May.
Bitcoin rebounded further, trading at 64,600 dollars.
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In Asian trading hours, AUD/USD was broadly steady at 0.7057. Australia's trade surplus for June totaled 1.9 billion Australian dollars, compared with an estimated deficit of 1.8billion Australian dollars.
EUR/USD edged up to 1.1556 and GBP/USD climbed to 1.3470.
Meanwhile, USD/JPY was little changed at 157.80.
Gold extended its rally to a 7-week high at 4,276 dollars.
Bitcoin was relatively stable at 64,513 dollars.
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The eurozone's retail sales are expected to increase by 0.1% month-on-month in June.
Germany's factory orders are estimated to grow 0.4% month-on-month in June.
In the U.S., weekly initial jobless claims are expected at 199,000.
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