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Market Wrap: Stocks, Bonds, Commodities |
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On Wednesday, technology stocks kept lifting major U.S. stock indexes, with the Nasdaq 100 advancing 351 points (+1.41%) to 25,329.
The S&P 500 rose 56 points (+0.81%) to 6,946, and the Dow Jones was up 307 points (+0.63%) to 49,482.
Nvidia (NVDA) closed 1.41% higher, and once gained a further 2% in after-market hours. The maker of artificial-intelligence-related (AI) chips reported better-than-expected fourth-quarter results, with revenue in the data center unit jumping 75% year on year. It also offered an upbeat revenue forecast for the first quarter.
Apple (AAPL) extended its rally to a fourth session, adding 0.77%.
Microsoft (MSFT) rebounded for a second session, rising 2.98%.
Other tech giants also closed higher, with Meta (META) climbing 2.25%, Tesla (TSLA) up 1.96%, Amazon (AMZN) up 1.00%, and Alphabet (GOOGL) up 0.64%.
Corning (GLW) jumped a further 5.83%, posting a four-session winning streak.
Bitcoin rebounded strongly, boosting related stocks, with Coinbase (COIN) jumping 13.52%, and Strategy (MSTR) up 8.86%.
After posting quarterly results, Cava Group (CAVA) soared 26.36%, Axon Enterprise (AXON) surged 17.55%, while First Solar (FSLR) slid 13.61%.
The U.S. 10-year Treasury yield gained 2.1 basis points to 4.058%.
In Europe, both the CAC 40 (up 0.47% to 8,559) and the FTSE 100 (up 1.18% to 10,806) marked record-high closing levels.
The DAX 40 closed 0.76% higher.
Gold added 23 dollars to 5,166 dollars an ounce.
U.S. WTI crude futures declined a further 21 cents to 65.42 dollars a barrel.
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The U.S. dollar index eased to 97.70.
EUR/USD rose 34 pips to 1.1805.
USD/JPY gained 52 pips to 156.40 a two-week high. The yen declined after two academics viewed as economic-stimulus advocates were appointed by the Japanese government to the Bank of Japan’s board.
GBP/USD advanced 65 pips to 1.3552.
AUD/USD increased 65 pips to 0.7120. Australia's inflation rate remained stable at 3.8% year on year in January.
USD/CHF dipped 6 pips to 0.7730, and USD/CAD fell 23 pips to 1.3676.
Bitcoin posted a strong rebound, once surging over 9% to strike the level of 70,000 dollars.
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In Asian trading hours, EUR/USD advanced to 1.1823 and GBP/USD climbed to 1.3565.
Meanwhile, USD/JPY retreated to 155.90.
Gold edged higher to 5,183 dollars.
Bitcoin was steady at 67,923 dollars.
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In the U.S., weekly initial jobless claims are estimated at 210,000.
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