|
| |
Market Wrap: Stocks, Bonds, Commodities |
|
|
| |
|
|
|
| |
On Friday, the Nasdaq 100 rose 197 points (+0.67%) to 29,644, lifted by strength in technology and crypto-linked stocks. The S&P 500 edged up 12 points (+0.17%) to 7,650, while the Dow Jones fell 95 points (-0.18%) to 51,682.
Mega-cap tech stocks closed mixed: Nvidia (NVDA) rose 1.34% and Amazon (AMZN) gained 1.00%, while Meta Platforms (META) fell 2.43% and Microsoft (MSFT) slipped 0.80%.
Semiconductor stocks continued to outperform the market, with Lam Research (LRCX) jumping 6.98%, Applied Materials (AMAT) up 6.51%, Arm Holdings (ARM) up 4.04%, Micron Technology (MU) up 3.92%, and Broadcom (AVGO) up 2.97%.
Data-storage stocks also posted gains, with SanDisk (SNDK) jumping 10.99%, Seagate Technology (STX) up 6.93%, and Western Digital (WDC) up 4.13%.
Bitcoin and crypto-related stocks led the session after Bitcoin rebounded above 80,000 dollars, with Strategy (MSTR) surging 16.39%, Coinbase (COIN) up 11.66%, and Robinhood Markets (HOOD) up 9.12%.
Netflix (NFLX) fell 4.67% after Wells Fargo downgraded the video-streaming platform to "underweight".
The U.S. 10-year Treasury yield climbed to settle at 4.997%.
European stocks closed sharply lower, with the DAX 40 falling 1.60%, the CAC 40 down 1.49%, and the FTSE 100 down 1.45%.
In early Asian trading hours on Monday, U.S. WTI crude futures eased further to 96.02 dollars a barrel after gapping down nearly 6% on Friday.
Spot gold held well at 4,375 dollars an ounce, after rebounding last Thursday and Friday.
Meanwhile, Chinese President Xi Jinping will begin a state visit to the U.S. on Thursday (September 24).
|
| |
|
|
|
|
|
|
|
|
| |
As widely expected, the Bank of Japan raised its key interest rate by 25 basis points to 1.25% on Friday, the highest level since 1995. However, the yen still weakened against the dollar, with USD/JPY charging higher to 157.05 in early Asian trading hours on Monday.
Japanese markets are closed Monday through Wednesday for public holidays, and will reopen on Thursday.
EUR/USD traded slightly lower at 1.1480. Germany’s producer price inflation accelerated to 4.6% year-on-year in August (vs 4.1% expected, 3.0% in July).
GBP/USD was little changed at 1.3390. U.K. retail sales increased 0.5% month-on-month in August (vs -0.2% expected, -0.5% in July).
AUD/USD held up well at 0.7123, while USD/CHF traded at 0.8224 after falling last Thursday and Friday.
Bitcoin jumped nearly 6% on Friday and challenged 82,000 dollars over the weekend.
|
| |
|
|
|
|
|
|
|
|
| |
In Asian trading hours, EUR/USD was broadly flat at 1.1481, while GBP/USD edged lower to 1.3385.
Meanwhile, USD/JPY eased to 156.81.
Gold fell to 4,365 dollars.
Bitcoin was relatively steady at 81,270 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
|
In the U.S., the Chicago Fed National Activity Index is expected to climb to 0.20 in August.
|
| |
|
|
|
|
|
