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Market Wrap: Stocks, Bonds, Commodities |
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On Tuesday, major U.S. indices finished mixed. The S&P 500 advanced 21 points (+0.28%) to 7,712, the Nasdaq 100 slipped 39 points (-0.13%) to 29,490, and the Dow Jones jumped 529 points (+1.02%) to 52,495.
The U.S. 10-year Treasury yield fell 3.1 basis points to 5.111%.
Regarding U.S. economic data, housing starts fell 5.2% month-on-month in September, defying expectations for a 1.9% increase.
3M (MMM) jumped 5.78% after reporting third-quarter revenue of 6.58 billion dollars and diluted EPS of 2.63 dollars, with net income rising 67.7% year-on-year and adjusted organic growth reaching 3.3%.
Hasbro (HAS) surged 11.20% after reporting third-quarter revenue of 1.60 billion dollars, up 15.0% year-on-year, and adjusted EPS of 2.90 dollars, both well above expectations.
Equifax (EFX) rallied 11.33% after reporting third-quarter adjusted EPS of 2.26 dollars, beating the 2.20 dollars expected.
DaVita (DVA) fell 6.23% after reports that the U.S. administration is preparing reforms aimed at increasing competition in the dialysis market, where DaVita and Fresenius currently control roughly 74% of the industry.
General Motors (GM) tumbled 6.84% as management warned of a more challenging 2027.
In after-hours trading, Netflix (NFLX) reported third-quarter diluted EPS of 0.87 dollars, above the 0.82 dollars expected.
In Europe, the DAX 40 slipped 0.06%, the CAC 40 declined 0.38%, and the FTSE 100 fell 0.29%.
In the commodities market, spot gold fell 16 dollars (-0.39%) to 4,124 dollars an ounce. U.S. WTI crude oil futures (December) slipped 0.72 dollars (-0.73%) to 97.82 dollars a barrel.
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The U.S. dollar weakened, with the Dollar Index declining 0.26% to 101.71.
EUR/USD rose 25 pips (+0.22%) to 1.1235. Germany's ZEW economic sentiment index fell to 28.1 in October, below the 30.0 expected, while the producer price index rose 6.7% year-on-year in September, above the 5.3% forecast.
GBP/USD climbed 76 pips (+0.57%) to 1.3378 as the U.K. unemployment rate came in at 4.7% over the June-August period, below the 4.9% expected.
USD/JPY fell 28 pips (-0.18%) to 158.20, and USD/CHF slipped 21 pips (-0.25%) to 0.8244.
AUD/USD gained 22 pips (+0.32%) to 0.7000, while USD/CAD declined 55 pips (-0.39%) to 1.4055.
Bitcoin rose 623 dollars (+0.76%) to 82,559 dollars.
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In Asian trading hours, USD/JPY was little changed at 158.23. Japan's exports rose 16.7% year-on-year in September (vs +20.1% expected).
Meanwhile, EUR/USD eased to 1.1226, while GBP/USD was broadly steady at 1.3373.
Spot gold fell to 4,116 dollars an ounce.
Bitcoin held gains at 82,703 dollars.
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U.K. core inflation rate is projected to pick up to 2.7% year-on-year in September.
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