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Market Wrap: Stocks, Bonds, Commodities |
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On Tuesday, the U.S. stock market rebounded. The S&P 500 increased by 16 points (+0.25%) to reach 6,829, the Nasdaq 100 rose by 213 points (+0.84%) to 25,555, and the Dow gained 185 points (+0.39%) to close at 47,474.
Most sectors experienced declines, with the exception of Technology (XLK), Industrials (XLI), and Communication Services (XLC). In contrast, Energy (XLE), Materials (XLB), and Utilities (XLU) lagged significantly.
Boeing (BA) soared by 10.15% following the CFO's optimistic forecast for strong delivery figures for the company's 737 and 787 jets in 2026.
Amazon.com (AMZN) gained 0.23% after unveiling its latest AI chip, Trainium 3. Competitors Nvidia (NVDA) and Alphabet (GOOGL) also saw increases of 0.86% and 0.29%, respectively, during Tuesday's trading session.
Credo Technology Group (CRDO) surged 10.12% after reporting second-quarter revenue that exceeded expectations.
MongoDB (MDB) experienced a remarkable jump of 22.23% after raising its full-year guidance.
Cloudflare (NET) rose 2.06% after receiving an "Overweight" rating in new coverage by Barclays.
Teradyne (TER) climbed 5.74% following an upgrade to "Buy" from "Hold" at Stifel.
The U.S. 10-year yield eased to 4.087%.
In Europe, Germany's DAX gained 0.51%, France's CAC 40 declined 0.28%, while the U.K. FTSE 100 remained relatively stable.
In the commodities market, Gold slid 24 dollars (-0.57%) to 4,208 dollars, while WTI Crude Oil futures declined 0.68 dollars (-1.15%) to 58.64 dollars.
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The dollar index fell 0.06% to 99.35.
EUR/USD increased 11 pips (+0.09%) to 1.1621. The Eurozone's inflation rate for November edged up to 2.2% year-on-year, above 2.1% expected.
GBP/USD retreated 4 pips (-0.03%) to 1.3205.
USD/JPY gained 42 pips (+0.27%) to 155.84, while USD/CHF slipped 15 pips (-0.19%) to 0.8030.
AUD/USD rose 21 pips (+0.32%) to 0.6562 and USD/CAD lost 14 pips (-0.10%) to 1.3981.
The cryptocurrency market rebounded, with Bitcoin jumping 4,852 dollars (+5.61%) to 91,314 dollars, and Ethereum climbing 192 dollars (+6.89%) to 2,984 dollars.
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In Asian trading hours, AUD/USD was steady at 0.6575. Australia's gross domestic product grew 2.1% year-on-year in the third quarter, below 2.2% estimated.
Meanwhile, EUR/USD advanced to 1.1637 and GBP/USD climbed to 1.3229.
USD/JPY fell to 155.71.
Gold rebounded to 4,226 dollars.
Bitcoin rose further to 92,913 dollars.
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The eurozone's producer price index is estimated to be down 0.4% year-on-year in October.
In the U.S., ADP employment is expected to increase by 15,000 in November, while the ISM services purchasing managers index is anticipated to slip to 52.3. Also, industrial production for September is expected to grow 0.1% month-on-month.
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