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Market Wrap: Stocks, Bonds, Commodities |
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On Monday, U.S. stocks extended gains, with the Dow Jones advancing 693 points (+1.32%) to 53,178, a record closing level.
The S&P 500 rose a further 110 points (+1.48%) to 7,600, and the Nasdaq 100 was up 502 points (+1.78%) to 28,776.
Most mega-cap tech stocks were broadly higher, with Meta (META) jumping 6.02%, Microsoft (MSFT) up 4.93%, and Alphabet (GOOGL) up 4.88%.
Tesla (TSLA) climbed 3.49%, and Nvidia (NVDA) was up 2.93%.
Amazon (AMZN) rose 4.58% to a record closing level above 284 dollars.
In contrast, Apple (AAPL) closed 1.78% lower after gapping down more than 7% in the prior session.
Alibaba (BABA) jumped 4.13% after unveiling its latest flagship artificial intelligence model, Qwen3.8-Max.
After reporting quarterly earnings, First Solar (FSLR) bounced 10.28% and Tyson Foods (TSN) gained 2.85%.
Palantir (PLTR) closed 2.10% higher and surged 13% in after-market hours. The company reported a 93% year-on-year revenue growth in the second quarter and raised its full-year outlook.
Space Exploration Technologies (SPCX) is scheduled to report earnings after Tuesday’s market close.
The 10-year U.S. Treasury yield declined from its highest level since January 2025, falling 4.2 basis points to 4.676%.
In Europe, the DAX 40 rose 1.45%, and the CAC 40 was up 1.22%, while the FTSE 100 dipped 0.10%.
U.S. WTI crude futures settled 4.33 dollars lower (-5.11%) at 80.34 dollars a barrel. The U.S. paused a new round of attacks against Iran, and said that it would talk with Iran to reopen the Strait of Hormuz.
Spot gold added 13 dollars to 4,055 dollars an ounce.
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USD/JPY saw its decline extend to a third session, dropping 37 pips to 157.18. U.S. and Japan authorities confirmed on Monday that they conducted market intervention to bid up the yen. They added that further action will be taken if needed.
The U.S. Institute for Supply Management (ISM) manufacturing index climbed to 55.6 in July, the highest level since June 2022.
EUR/USD retreated 20 pips to 1.1507, halting a four-session rally.
GBP/USD fell 52 pips to 1.3428, and AUD/USD dropped 23 pips to 0.6998.
USD/CHF gained 28 pips to 0.8102, and USD/CAD was up 28 pips to 1.4045.
Bitcoin kept trading above 63,000 dollars.
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In Asian trading hours, EUR/USD and GBP/USD were both little changed, at 1.1511 and 1.3428 respectively.
Meanwhile, USD/JPY rebounded to 157.64.
Gold edged up to 4,061 dollars.
Bitcoin rose to 63,854 dollars.
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In the U.S., trade deficit for June is estimated at 73 billion dollars, while the JOLTs job openings are expected at 7.45 million and factory orders are anticipated to grow 0.2% month-on-month.
Canada's trade surplus for June is expected at 3 billion Canadian dollars.
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