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Market Wrap: Stocks, Bonds, Commodities |
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On Friday, the Nasdaq 100 rose 98 points (+0.33%) to 29,825, posting a three-session rebound. The S&P 500 gained 31 points (+0.42%) to 7,575, and the Dow Jones was up 149 points (+0.29%) to 52,637.
Meta (META) jumped 5.97%, opening a bullish gap on a daily chart. The stock has turned positive again year to date.
SK Hynix (SKHYV), the South Korean memory chip leader, closed at 168.01 dollars on its first trading day in the U.S., about 13% higher than its IPO price of 149 dollars.
Nvidia (NVDA) gained 4.03%, and Advanced Micro Devices (AMD) advanced 2.04%, while Micron (MU) was down 1.24%.
Data-storage stocks continued to rebound, with Sandisk (SNDK) climbing 3.10% and Seagate Technology (STX) up 2.28%.
Oracle (ORCL) fell 2.48% after S&P Global downgraded its credit rating on the company to "BBB-" from "BBB".
Eli Lilly (LLY) slipped 2.33%, and Moderna (MRNA) tumbled 10.83%.
The U.S. 10-year Treasury yield edged up 1.2 basis points to 4.561%.
In Europe, the DAX 40 dipped 0.20%, while the CAC 40 added 0.15% and the FTSE 100 was up 0.24%.
Over the weekend, U.S. and Iranian forces exchanged heavy missile and drone attacks.
U.S. Senator Lindsey Graham, a Republican and key ally of President Donald Trump, died suddenly on Saturday at the age of 71.
In early Asian trading hours on Monday, U.S. WTI crude futures bounced 2.74 dollars (+3.84%) to 74.15 dollars a barrel, while gold retreated 36 dollars to 4,083 dollars an ounce.
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In early Asian trading hours on Monday, USD/JPY traded around 162.
Japan’s finance minister said Friday the government plans to introduce measures that encourage pension funds, including the Government Pension Investment Fund, to substantially increase their investments in domestic financial assets.
USD/EUR eased below 1.1400, GBP/USD was below 1.3400, and AUD/USD dipped to 0.6935.
USD/CAD climbed to 1.4170. Canada reported an addition of 18,200 jobs in June, more than expected, with the jobless rate ticking down to 6.5%.
Bitcoin was steady around 63,800 dollars.
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In Asian trading hours, EUR/USD fell to 1.1394 and GBP/USD slipped to 1.3377.
Meanwhile, USD/JPY edged up to 162.07.
Gold dropped further to 4,056 dollars.
Bitcoin eased to 63,332 dollars.
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No major economic data expected.
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