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Market Wrap: Stocks, Bonds, Commodities |
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On Tuesday, U.S. technology stocks came under pressure, with the Nasdaq 100 falling 399 points (-1.55%) to 25,338.
The S&P 500 dropped 58 points (-0.84%) to 6,917, and the Dow Jones was down 166 points (-0.34%) to 49,240.
Tech giants under the artificial-intelligence (AI) theme underperformed the market, with Microsoft (MSFT) losing 2.87%, Nvidia (NVDA) down 2.84%, and Amazon (AMZN) down 1.79%.
Alphabet (GOOGL) declined 1.16%. The company will report quarterly results on Wednesday after the bell.
Oracle (ORCL) fell 3.37%, and Adobe (ADBE) slid 7.31%.
Meanwhile, Palantir (PLTR) rose 6.85% following better-than-expected quarterly results.
AST Space Mobile (ASTS) surged 10.72%, and Rocket Lab (RKLB) climbed 9.60% after Elon Musk announced that SpaceX acquired his AI company xAI.
In after-market hours, after reporting results, Advanced Micro Devices (AMD) fell 7%, Texas Instruments (TXN) slipped 3%, while Super Micro Computer (SMCI) gained 4%, and Amgen (AMGN) added 1%.
The U.S. 10-year Treasury yield closed 1.4 basis points lower at 4.267%.
European stocks lack momentum, with the DAX 40 dipping 0.07%, the CAC 40 down 0.02%, and the FTSE 100 down 0.26%.
Gold rebounded 285 dollars (+6.12%) to 4,946 dollars an ounce, halting a three-session decline.
U.S. WTI crude futures climbed 1.07 dollars (+1.72%) to 63.21 dollars a barrel.
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The U.S. dollar softened against other major currencies, with the dollar index declining to 97.35.
EUR/USD rose 34 pips to 1.1823. France's inflation rate slowed to 0.3% year-on-year in January from 0.8% in December.
USD/JPY added 15 pips to 155.75.
GBP/USD advanced 36 pips to 1.3698.
AUD/USD gained 74 pips (+1.07%) to 0.7021. As expected, Australia's central bank raised its key interest rate by 25 basis points to 3.85%.
USD/CHF slipped 47 pips to 0.7748, and USD/CAD dropped 43 pips to 1.3637.
Bitcoin once sank below 73,000 dollars in the session, breaching the lowest level seen in 2025.
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In Asian trading hours, EUR/USD and GBP/USD were both steady, at 1.1823 and 1.3702 respectively.
Meanwhile, USD/JPY climbed to 156.25.
Gold extended its rebound to 5,048 dollars.
Bitcoin remained subdued at 76,034 dollars.
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The eurozone's core inflation rate is expected to stay at 2.3% year-on-year in January, while producer price index is estimated to drop 2.0% year-on-year in December.
In the U.S., ADP employment is expected to increase by 35,000 in January, while the ISM services purchasing managers index is estimated to slip to 54.3.
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