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Market Wrap: Stocks, Bonds, Commodities |
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On Monday, major U.S. indices finished higher after Anthropic filed its S-1 registration statement for an initial public offering. Investors also braced for a busy week highlighted by the Federal Reserve's rate decision on Wednesday and major tech earnings.
The S&P 500 advanced 53 points (+0.70%) to 7,676, the Nasdaq 100 jumped 315 points (+1.09%) to 29,273, and the Dow Jones gained 146 points (+0.28%) to 52,361.
The U.S. 10-year Treasury yield fell 1.1 basis points to 4.988%.
Regarding U.S. economic data, the Dallas Fed Manufacturing Index rose to 13.4 in October, above the 7.0 expected.
AI-related stocks gained traction. Lumentum (LITE) rose 8.19%, Arm Holdings (ARM) gained 6.19%, Micron Technology (MU) climbed 2.98%, and Nvidia (NVDA) added 2.39%.
Tesla (TSLA) jumped 5.21% to a more than three-month high as Latvia approved its Full Self-Driving system, adding to optimism around the company's autonomous driving plans.
Fair Isaac (FICO) tumbled 13.15% after Federal Housing Finance Agency Director Bill Pulte promised further regulatory action this week to increase competition in mortgage credit scoring models.
DoorDash (DASH) fell 6.10% after The Wall Street Journal reported that it was in advanced talks to acquire Instacart parent Maplebear in a deal valued at roughly 17 billion dollars.
Alphabet (GOOGL) and Microsoft (MSFT) will release quarterly earnings on Wednesday, while Amazon (AMZN) and Intel (INTC) will report on Thursday.
In Europe, the DAX 40 rose 0.91%, the CAC 40 gained 0.83%, and the FTSE 100 advanced 0.72%.
In the commodities market, spot gold rose 18 dollars (+0.46%) to 4,014 dollars an ounce. U.S. WTI crude oil futures (December) slipped 1.51 dollars (-1.46%) to 101.76 dollars a barrel.
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The U.S. dollar strengthened, with the Dollar Index rising 0.20% to 102.01.
EUR/USD fell 28 pips (-0.25%) to 1.1174. Germany's Ifo Business Climate Index rose to 90.2 in October, above the 90.0 expected.
GBP/USD slipped 30 pips (-0.22%) to 1.3342.
USD/JPY gained 64 pips (+0.41%) to 157.50, and USD/CHF advanced 28 pips (+0.34%) to 0.8277.
AUD/USD dropped 17 pips (-0.24%) to 0.7016, while USD/CAD climbed 18 pips (+0.13%) to 1.4022.
Bitcoin slipped 595 dollars (-0.74%) to 79,820 dollars.
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In Asian trading hours, EUR/USD and GBP/USD remained subdued, trading at 1.1171 and 1.3342 respectively.
Meanwhile, USD/JPY advanced to 157.69.
Spot gold was broadly flat at 4,014 dollars an ounce.
U.S. WTI crude oil futures (December) eased 0.91 dollars (-0.89%) to 100.85 dollars a barrel.
Bitcoin hovered just below the 80,000-dollar mark at 79,721 dollars.
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In the U.S., durable goods orders are expected to rise 1.5% month-on-month in September, while new home sales are projected to drop 3.5%. Also, the Conference Board Consumer Confidence Index is forecast to weaken to 81.0 in October, while the Richmond Fed Manufacturing Index is estimated to climb to 1 in October.
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