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Market Wrap: Stocks, Bonds, Commodities |
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On Friday, major U.S. indices finished mostly lower. The S&P 500 fell 39 points (-0.52%) to 7,623, and the Dow Jones dropped 652 points (-1.23%) to 52,215, while the Nasdaq 100 was little changed at 28,957.
The U.S. 10-year Treasury yield rose 3.8 basis points to 4.999%.
Regarding U.S. economic data, the S&P Global Manufacturing Purchasing Managers Index (PMI) rose to 56.0 in October from 55.9, above the 55.5 expected, while the Services PMI eased to 57.9 from 58.8, slightly below the 58.0 forecast.
Palo Alto Networks (PANW) jumped 7.22% after Deutsche Bank highlighted the stock as a major beneficiary of rising AI adoption.
SLB (SLB) jumped 7.08% after reporting third-quarter adjusted EPS of 0.64 dollars versus 0.61 dollars expected.
Crown Castle (CCI) jumped 9.06% on reports that SpaceX is negotiating tower leases as it seeks access to at least 80,000 U.S. cell sites.
Bloom Energy (BE) tumbled 11.24% despite better-than-expected third-quarter earnings, as investors questioned whether its valuation already reflected an aggressive AI-driven power demand outlook.
CrowdStrike (CRWD) jumped 8.25% as CEO George Kurtz warned of an upcoming wave of cyber breaches stemming from critical vulnerabilities discovered in PHP, urging companies to patch immediately.
In Europe, the DAX 40 fell 0.75%, the CAC 40 declined 0.36%, and the FTSE 100 slipped 0.32%.
In the commodities market, spot gold fell 28 dollars (-0.69%) to 3,996 dollars an ounce, closing below the 4,000-dollar mark. U.S. WTI crude oil futures (December) surged 3.80 dollars (+3.82%) to 103.27 dollars a barrel.
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The U.S. dollar strengthened, with the Dollar Index rising 0.19% to 101.80.
EUR/USD fell 22 pips (-0.20%) to 1.1192. The eurozone S&P Global Manufacturing PMI declined to 52.4 in October (vs 52.7 expected).
GBP/USD slipped 32 pips (-0.24%) to 1.3367. The U.K. retail sales fell 0.4% month-on-month in September (vs -0.1% expected), while the S&P Global Manufacturing PMI rose to 52.8 (vs 51.7 forecast).
USD/JPY edged up 8 pips (+0.05%) to 156.84, and USD/CHF advanced 46 pips (+0.56%) to 0.8250.
AUD/USD rose 16 pips (+0.23%) to 0.7034.
USD/CAD slipped 3 pips (-0.02%) to 1.4005. Canada's retail sales increased 0.7% month-on-month in September (vs +0.3% forecast).
Bitcoin edged up 89 dollars (+0.11%) to 81,281 dollars.
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In Asian trading hours, EUR/USD rebounded 1.to 1223, and GBP/USD advanced to 1.3381.
Meanwhile, USD/JPY eased to 156.77.
Spot gold rebounded to 4,012 dollars an ounce, after an early dip to 3,978 dollars.
U.S. WTI crude oil futures (December) retreated 2.40 dollars (-2.32%) to 100.87 dollars a barrel.
Bitcoin traded below the 80,000-dollar mark at 79,630 dollars.
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Germany's Ifo Business Climate Index is expected to edge lower to 89.8 in October.
In the U.S., the Dallas Fed Manufacturing Index is projected to fall to 7.0 in October.
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