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Market Wrap: Stocks, Bonds, Commodities |
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On Thursday, the Nasdaq 100 fell 294 points (-1.16%) to 25,034, dragged by Nvidia’s (NVDA) 5% drop.
The S&P 500 slipped 37 points (-0.54%) to 6,908, while the Dow Jones rose 17 points (+0.03%) to 49,499.
Nvidia (NVDA) dropped 5.46%. The maker of artificial-intelligence-related (AI) chips reported better-than-expected fourth-quarter and offered an upbeat revenue forecast for the first quarter. However, this apparently failed to please investors.
Other semiconductor-related stocks also underperformed the market, with Applied Materials (AMAT) falling 4.87%, Lam Research (LRCX) down 4.17%, Advanced Micro Devices (AMD) down 3.41%, and Broadcom (AVGO) down 3.19%.
And most other tech giants closed lower, with Tesla (TSLA) sliding 2.11%, Alphabet (GOOGL) down 1.76%, and Amazon (AMZN) down 1.29%.
After reporting quarterly results, Salesforce (CRM) rose 4.03%, Snowflake (SNOW) gained 2.28%, while Synopsys (SNPS) fell 5.16%, and C3.ai (AI) plummeted 18.53%.
Paramount Skydance (PSKY) closed 10.04% higher, becoming the best-performing stock in the S&P 500. In after-market hours, Warner Bros. Discovery's board of directors said that Paramount Skydance's latest offer to acquire the company is superior to its current deal with Netflix.
In after-market hours, Dell Technologies (DELL) jumped 12%. The company offered an upbeat outlook for fiscal year 2027, citing growing demand for its AI-optimized servers.
Also in after-market hours, Block (XYZ) soared 26% after the company announced plans to cut over 4,000 jobs or over 40% of its workforce.
The U.S. 10-year Treasury yield slid 4.8 basis points to 4.010%.
In Europe, both the CAC 40 (up 0.72% to 8,620) and the FTSE 100 (up 0.37% to 10,846) marked record-high closing levels for the second straight session.
The DAX 40 gained 0.45%.
Gold traded 19 dollars higher to 5,185 dollars an ounce.
U.S. WTI crude futures declined for a third session, losing 21 cents to settle at 65.21 dollars a barrel.
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The U.S. dollar index was little changed at 97.76.
U.S. data showed that the latest initial jobless claims rose to 212,000, slightly higher than expected.
EUR/USD dipped 11 pips to 1.1798.
USD/JPY retreated 24 pips to 156.09 after rising for two sessions.
Bank of Japan Governor Kazuo Ueda said the central bank will keep raising interest rates if its economic and price projections are reached by Japan's economy.
GBP/USD fell 73 pips to 1.3483, and AUD/USD dropped 15 pips to 0.7108.
USD/CHF gained 16 pips to 0.7739, and USD/CAD added 5 pips to 1.3679.
After a strong 6% rebound in the prior session, Bitcoin softened less than 1% to 67,500 dollars.
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In Asian trading hours, USD/JPY fell to 155.80. Japan's industrial production grew 2.2% month-on-month in January, below 4.3% expected, and retail sales rose 4.1%, above 1.5% estimated.
Meanwhile, EUR/USD was broadly flat at 1.1795, while GBP/USD remained under pressure at 1.3483.
Gold was down slightly to 5,178 dollars.
Bitcoin was little changed at 67,467 dollars.
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Germany's jobless rate is expected to be unchanged at 6.3% in February, while inflation rate is estimated to ease to 2.0% year-on-year.
France's inflation rate is expected to climb to 0.7% year-on-year in February, while producer price index is estimated to be down 2.6% in January.
In the U.S., producer price index is expected to be up 2.9% year-on-year in January, while the Chicago purchasing manager index is anticipated to drop to 51.0 in February.
Canada's annualized gross domestic product is estimated to be flat in the fourth quarter.
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