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Market Wrap: Stocks, Bonds, Commodities |
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On Thursday, the S&P 500 rose 14 points (+0.21%) to 6,901, and the Dow Jones Industrial Average gained 646 points (+1.34%) to 48,704.
Both indexes achieved record-high closing levels.
Meanwhile, the Nasdaq 100 fell 89 points (-0.35%) to 25,686.
Oracle (ORCL) plunged 10.83%. The cloud-computing giant posted lower-than-expected quarterly sales and earnings, adding that full-year capital expenditures could run up to 50 billion dollars, much higher than 35 billion dollars previously estimated.
The Oracle story dragged down other stocks under the artificial intelligence (AI) theme, with Alphabet (GOOGL) falling 2.43%, Nvidia (NVDA) down 1.55%, Intel (INTC) down 3.11%.
Eli Lilly (LLY) rose 1.58%. The drug-maker posted positive results of a late-stage trial on its next-generation obesity drug.
Visa (V) climbed 6.11% after being upgraded to "buy" by Bank of America.
The U.S. 10-year Treasury yield was little changed at 4.153%.
U.S. data showed that the latest number of initial jobless claims jumped to 236,000, much higher than expected.
European stocks closed higher, with the DAX 40 rising 0.68%, the CAC 40 up 0.79%, and the FTSE 100 up 0.49%.
Gold price jumped 52 dollars (+1.23%) to 4,280 dollars an ounce, the highest level in more than a month.
U.S. WTI crude futures fell 86 cents (-1.47%) to 57.60 dollars a barrel.
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The U.S. dollar extended losses, with the dollar index falling further to 98.32.
EUR/USD rose 47 pips to 1.1741.
USD/JPY dropped 45 pips to 155.56.
USD/CHF retreated 49 pips to 0.7947. The Swiss National Bank held interest rate at 0% as expected.
GBP/USD added 9 pips to 1.3391, and AUD/USD dipped 9 pips to 0.6664.
USD/CAD slipped 26 pips to 1.3767.
Bitcoin managed to climb back to levels above 92,000 dollars.
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On Friday, in Asian trading hours, USD/JPY climbed back to 155.67 after declining for two sessions.
AUD/USD remained buoyed at 0.6668.
EUR/USD traded at 1.1737, and GBP/USD at 1.3393, both holding up well.
Gold price eased slightly to 4,274 dollars an ounce.
Bitcoin was little changed at 92,460 dollars.
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The U.K. is expected to report zero growth month on month in October.
Canada’s building permits may increase 0.3% month on month in October.
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