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Market Wrap: Stocks, Bonds, Commodities |
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On Thursday, the U.S. stock market closed mixed as data showed that initial jobless claims dropped to 191,000 last week, the lowest level in more than 3 years.
The S&P 500 increased by 7 points (+0.11%), closing at 6,857, marking its third consecutive day of gains. Conversely, the Nasdaq 100 dropped by 24 points (-0.1%) to 25,581, and the Dow fell by 31 points (-0.07%) to 47,850.
Sector performance varied, with Communication Services (XLC), Industrials (XLI), and Energy (XLE) among the top performers, while Health Care (XLV), Materials (XLB), and Consumer Staples (XLP) lagged behind.
Meta Platforms (META) gained 3.43% after CEO Mark Zuckerberg is considering slashing up to 30% of the company's metaverse budget, according to Bloomberg.
Salesforce.com (CRM) climbed 3.66% after raising the full-year sales forecast.
Snowflake (SNOW) sank 11.41% as current quarter product revenue growth guidance disappointed investors.
Dollar General (DG) jumped 14.01% after lifting the full-year earnings forecast. It was the top performing stock in the S&P 500.
In after-hours trading, Hewlett Packard Enterprise (HPE) was under pressure following a first-quarter revenue forecast that fell short of estimates, while Ulta Beauty (ULTA) surged on better-than-expected third-quarter sales and upgraded full-year outlook.
The U.S. 10-year yield rebounded to 4.10%.
In Europe, Germany's Dax 40 jumped 0.79%, France's Cac 40 rose 0.43% and the U.K. FTSE 100 gained 0.19%.
In the commodities market, Gold added 1 dollar (+0.04%) to 4,207 dollars, while WTI Crude Oil futures advanced 0.72 dollars (+1.22%) to 59.67 dollars.
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The dollar index rose 0.2% to 99.05.
EUR/USD dropped 29 pips (-0.25%) to 1.1641. The eurozone's retail sales were flat month-on-month in October, compared with +0.3% expected.
GBP/USD slipped 28 pips (-0.21%) to 1.3324.
USD/JPY fell 15 pips (-0.10%) to 155.09, while USD/CHF advanced 41 pips (+0.51%) to 0.8037.
AUD/USD gained 11 pips (+0.17%) to 0.6611 and USD/CAD climbed 8 pips (+0.06%) to 1.3958.
In the cryptocurrency market, Bitcoin fell by 1,350 dollars (-1.44%) to 92,387 dollars and Ethereum lost 29 dollars (-0.92%) to 3,136 dollars.
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In Asian trading hours, USD/JPY was little changed at 155.05. Japan's household spending dropped 3.0% year-on-year in October, compared with +2.2% estimated.
Meanwhile, EUR/USD rebounded to 1.1652 and GBP/USD edged up to 1.3331.
Gold was broadly flat at 4,208 dollars.
Bitcoin was steady at 92,565 dollars.
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Germany's factory orders are estimated to grow 0.4% month-on-month in October.
France's industrial production is anticipated to drop 0.3% month-on-month in October.
U.K. Halifax house price index is expected to be up 1.0% month-on-month in November.
In the U.S., core personal consumption expenditures price index is expected to ease to 2.8% year-on-year in September, while factory orders are estimated to slip 0.7% month-on-month. Also, the Michigan consumer sentiment index is expected to climb to 53.0 in December.
Canada's employment is estimated to drop 10,000 in November, while jobless rate is expected to edge up to 7.0%.
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