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Market Wrap: Stocks, Bonds, Commodities |
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On Monday, major U.S. indices finished mixed, with technology and AI-linked stocks rebounding from last week's sharp selloff and driving gains in the Nasdaq.
The S&P 500 advanced 31 points (+0.41%) to 7,690, the Nasdaq 100 jumped 341 points (+1.17%) to 29,529, and the Dow Jones slipped 36 points (-0.07%) to 51,966.
The U.S. 10-year Treasury yield stood at 5.14%.
Marvell Technology (MRVL) rose 4.00% after raising its total addressable market estimate to 400 billion dollars by 2030 and lifting its long-term revenue targets.
Datadog (DDOG) jumped 5.30% after an analyst upgrade highlighted stronger-than-expected spending from AI customers.
NRG Energy (NRG) fell 4.20% after declaring a quarterly dividend of 0.475 dollars per share, equivalent to 1.90 dollars annually.
Amazon (AMZN) jumped 5.00% after unveiling TorchNeuron, a new open-source tool that lets developers run PyTorch workloads on its Trainium AI chips with minimal code changes.
Palantir Technologies (PLTR) gained 4.30% after announcing a partnership with Knox Systems to help commercial software providers deploy applications more quickly in secure U.S. government and defense environments.
Tesla (TSLA) gained 3.70% ahead of its third-quarter earnings, as excitement around the new Roadster and renewed speculation about a potential Tesla-SpaceX merger supported the stock.
In after-hours trading, W.R. Berkley (WRB) reported third-quarter operating EPS of 1.17 dollars, slightly above estimates. Crown Holdings (CCK) reported better-than-expected third-quarter adjusted EPS of 2.39 dollars.
In Europe, the DAX 40 fell 1.18%, the CAC 40 declined 1.11%, and the FTSE 100 dropped 1.08%.
In the commodities market, spot gold declined 25 dollars (-0.60%) to 4,141 dollars an ounce. U.S. WTI crude oil futures (December) eased 0.48 dollars (-0.48%) to 98.54 dollars a barrel.
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The U.S. dollar stabilized, with the Dollar Index gaining 0.15% to 101.99.
EUR/USD fell 28 pips (-0.25%) to 1.1211, and GBP/USD slipped 25 pips (-0.19%) to 1.3302.
USD/JPY rose 55 pips (+0.35%) to 158.53, and USD/CHF advanced 26 pips (+0.32%) to 0.8265.
AUD/USD added 33 pips (+0.48%) to 0.6977.
USD/CAD slipped 28 pips (-0.20%) to 1.4109 as Canada's core inflation slowed to 2.2% year-on-year in September, below the 2.4% expected.
Bitcoin gained 1,019 dollars (+1.26%) to 81,919 dollars.
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In Asian trading hours, EUR/USD edged up to 1.1224, while GBP/USD rebounded to 1.3324.
Meanwhile, USD/JPY was broadly steady at 158.45.
Spot gold was little changed at 4,138 dollars an ounce.
Bitcoin was stable at 81,732 dollars.
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U.K. unemployment rate is forecast to hold steady at 4.9% in the three months to August.
Germany's producer price index is expected to be up 5.3% year-on-year in September, while the ZEW economic sentiment index is projected to slip to 32.0 in October.
In the U.S., housing starts are expected to rise 1.9% month-on-month in September, while building permits are forecast to drop 0.7%.
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