|
| |
Market Wrap: Stocks, Bonds, Commodities |
|
|
| |
|
|
|
| |
On Thursday, the Nasdaq 100 jumped 417 points (+1.43%) to 29,641, boosted by a strong rally in tech stocks following upbeat results and guidance from Nvidia and several major software firms.
The S&P 500 advanced 55 points (+0.72%) to 7,730, and the Dow Jones was up 105 points (+0.20%) to 53,569.
Nvidia (NVDA), investors’ focus during the session, jumped 8.74%. The chip giant reported record revenue and earnings for the second quarter, adding that next year’s revenue growth could reach 70%. Separately, news outlet The Information said the company will acquire artificial intelligence platform Hugging Face for 12.9 billion dollars.
Most other semiconductor stocks followed Nvidia higher, with Broadcom (AVGO) rising 4.49%, Intel (INTC) up 4.36%, and Taiwan Semiconductor Manufacturing Co (TSM) up 2.30%.
Salesforce (CRM) surged 22.58%. The business-software developer posted better-than-expected quarterly results, and announced an expanded strategic partnership with AI company Anthropic.
Cybersecurity firm CrowdStrike (CRWD) bounced 20.50% after lifting its full-year sales guidance. Peer Palo Alto Networks (PANW) gained 12.83%.
Other software companies also performed well, with Okta (OKTA) soaring 28.63%, Veeva Systems (VEEV) up 15.20%, and ServiceNow (NOW) up 10.04%.
Best Buy (BBY) slipped 4.44% despite the consumer electronics retailer’s quarterly results beating market expectations.
In after-market hours, following quarterly results, Marvell Technology (MRVL) slid 7%, Ulta Beauty (ULTA) fell 3%, Autodesk (ADSK) dropped 5%, while Workday (WDAY) added 1%.
The U.S. 10-year Treasury yield rebounded a further 2.7 basis points to 4.676%.
In Europe, the DAX 40 gained 0.31%, posting a three-session rebound. The CAC 40 fell 1.68% and the FTSE 100 dropped 0.79%.
Spot gold edged up 7 dollars to 4,601 dollars an ounce.
U.S. WTI crude futures settled 1.30 dollars higher (+1.58%) to 83.53 dollars a barrel.
|
| |
|
|
|
|
|
|
|
|
| |
The U.S. dollar was little changed, with EUR/USD largely flat at 1.1653 and GBP/USD slipping to 1.3593.
USD/JPY climbed for the fourth session, adding 8 pips to 159.38.
In the U.S., the latest number of initial jobless claims fell to 203,000.
In Germany, the GfK consumer confidence index improved to -26.6 for September, better than expected.
AUD/USD advanced 26 pips to 0.7193.
USD/CHF declined 13 pips to 0.8041, while USD/CAD slipped 24 pips to 1.3852.
Bitcoin managed to secure the key level of 80,000 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
In Asian trading hours, USD/JPY edged up to 159.44. Japan's jobless rate fell to 2.4% in July, below 2.5% expected.
Meanwhile, EUR/USD and GBP/USD were both little changed, at 1.1649 and 1.3590 respectively.
Gold retreated to 4,576 dollars.
Bitcoin was stable at 80,405 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
Germany's jobless rate is estimated to be unchanged at 6.4% in August.
France's inflation rate is expected to edge up to 2.2% year-on-year in August.
In the U.S., Federal Reserve Chairman Kevin Warsh will deliver a keynote speech at the Jackson Hole Economic Policy Symposium. Meanwhile, the Chicago Purchasing Managers' Index (PMI) is anticipated to slip to 57.0 in August, and the nonfarm payrolls annual revision will also be released.
Canada's annualized gross domestic product is expected to grow 3.4% in the second quarter.
|
| |
|
|
|
|
|
