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Market Wrap: Stocks, Bonds, Commodities |
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On Monday, the Nasdaq 100 rose 268 points (+0.87%) to 31,076, marking a record closing level for a second straight session. The S&P 500 gained 51 points (+0.66%) to 7,773, and the Dow Jones was up 90 points (+0.18%) to 51,267.
The U.S. 10-year Treasury yield climbed 3.2 basis points to 5.307%, lingering near its highest level since 2002.
Nvidia (NVDA) rose 2.12% to a record closing level of 238.90 dollars. With a market cap of 5.7 trillion dollars, the chipmaker remains the largest U.S.-listed company.
Other mega-cap tech stocks also performed well, with Tesla (TSLA) rising 2.20%, Meta Platforms (META) up 1.90%, and Microsoft (MSFT) up 1.48%.
SpaceX (SPCX) jumped 7.63% to close at its highest level since June.
Cerebras Systems (CBRS) rebounded 9.08%, ending a five-session losing streak, after Sam Altman, CEO of artificial intelligence firm OpenAI, reiterated that the chipmaker is a close partner.
Other semiconductor stocks closed mixed. Broadcom (AVGO) gained 2.08% and ON Semiconductor (ON) was up 1.23%, while Intel (INTC) lost 2.63% and Micron Technology (MU) was down 1.02%.
Western Digital (WDC) rebounded 6.34% and Seagate Technology (STX) rose 4.49%, after both fell 10% last Friday.
PTC Inc (PTC) surged 33.49% after Schneider Electric agreed to acquire the industrial-software maker for 205 dollars a share in cash.
In Europe, the DAX 40 edged up 0.09% and the FTSE 100 rose 0.34%, while the CAC 40 fell 0.80%.
U.S. WTI crude futures fell 1.68 dollars (-1.84%) to 89.43 dollars a barrel, as the G7 crude reserve release and recovering Middle East exports outweighed lingering Gulf supply risks.
Spot gold was little changed at 4,140 dollars an ounce.
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The U.S. dollar stayed firm as Treasury yields held near multi-decade highs.
The euro slumped against the dollar, as investors were concerned about the French government’s fiscal outlook and rising political uncertainty ahead of the 2027 election in France.
Political uncertainty also increased in Spain after Prime Minister Pedro Sanchez called an early general election for November 29.
EUR/USD dropped as low as 1.1160 during the session, its weakest level since May 2025, before rebounding to 1.1221.
USD/JPY held up well at 157.91, USD/CHF climbed 17 pips to 0.8306, and USD/CAD added 10 pips to 1.4261.
GBP/USD dipped 18 pips to 1.3223, while AUD/USD traded 15 pips higher to 0.6972.
Bitcoin hovered around 86,000 dollars.
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In Asian trading hours, EUR/USD fell to 1.1212, and GBP/USD slipped to 1.3214.
Meanwhile, USD/JPY was steady at 157.98.
Gold dropped to 4,121 dollars.
Bitcoin edged lower to 85,528 dollars.
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The eurozone's retail sales are projected to grow 0.2% month-on-month in August.
Germany's factory orders are expected to drop 1.0% month-on-month in August.
France's industrial production is forecast to increase by 0.3% month-on-month in August.
In the U.S., the trade deficit is expected to reach 102 billion dollars in August.
Canada's trade surplus is forecast at 1.7 billion Canadian dollars in August.
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