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Market Wrap: Stocks, Bonds, Commodities |
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On Friday, the S&P 500 edged up 2 points (+0.03%) to 6,915, and the Nasdaq 100 gained 87 points (+0.34%) to 25,605.
The Dow Jones slipped 285 points (-0.58%) to 49,098.
Intel (INTC) plunged 17.03%, denting overall market sentiment. The chip-maker gave a lower-than-expected current-quarter result forecast.
Nvidia (NVDA) rose 1.53%, lifted by a Bloomberg report that China has allowed major domestic tech firms to order the company's H200 artificial-intelligence chips.
Meanwhile, Advanced Micro Devices (AMD) gained 2.35%, and Taiwan Semiconductor Manufacturing (TSM) was up 2.23%.
Microsoft (MSFT) rebounded for a second session, bouncing 3.28%.
Meta (META) extended its rebound to a third session, adding 1.72%.
Spotify (SPOT) increased 2.92% after being upgraded to "buy" by Goldman Sachs.
The U.S. 10-year Treasury yield declined 2.0 basis points to 4.231%.
In Europe, major stock indexes closed mixed. The DAX 40 climbed 0.18%, the CAC 40 edged up 0.07%, while the FTSE 100 dipped 0.07%.
U.S. WTI crude futures increased 1.71 dollars (+2.88%) to $61.07 dollars a barrel. The U.S. increased its pressure against Iran by sanctioning vessels that transport Iranian oil and sending more military forces to the Middle East region.
Gold extended its record-breaking streak to a fifth session, touching another all-time high at 4,990 dollars an ounce. Silver surpassed the key psychological level of 100 dollars an ounce.
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The U.S. dollar fell across the board, with the dollar index sliding 0.89 point to 97.46. The dollar index's weekly loss amounted to 1.93%, the biggest one since last June.
USD/JPY fell 268 pips (-1.69%) to 155.72. The yen spiked on widespread fears that Japanese authorities may conduct market intervention to boost up the currency.
Earlier on Friday, as expected, the Bank of Japan kept its key interest rate at 0.75%.
EUR/USD rose 70 pips to 1.1824.
GBP/USD advanced 139 pips (+1.03%) to 1.3636, AUD/USD rose 54 pips to 0.6894.
USD/CHF slipped 86 pips (-1.09%) to 0.7803, USD/CAD was down 87 pips to 1.3698.
Over the weekend, Bitcoin sank to a one-month low of 86,250 dollars.
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In Asian trading hours, EUR/USD rose to 1.1871 and GBP/USD climbed to 1.3675.
Meanwhile, USD/JPY slid to a 2-month low at 154.02.
Gold extended its rally to 5,075 dollars.
Bitcoin edged up to 87,450 dollars.
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Germany's Ifo business climate index is expected to climb to 88.4 in January.
In the U.S., durable goods orders are estimated to grow 1.1% month-on-month in November, while the Dallas Fed manufacturing index is anticipated to improve to -6.0 in January.
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