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Market Wrap: Stocks, Bonds, Commodities |
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On Tuesday, the last trading day of the second quarter, U.S. stocks gained further, lifting the Dow Jones Industrial Average by 136 points (+0.26%) to 52,319, a fresh record closing level.
The S&P 500 advanced 58 points (+0.79%) to 7,499, and the Nasdaq 100 was up 501 points (+1.69%) to 30,276.
For the second quarter, the S&P 500 climbed 14.87%, its biggest quarterly gain since 2020.
Mega-cap stocks closed higher as overall market sentiment continued to improve, with Apple (AAPL) rising 2.70%, Nvidia (NVDA) up 2.63%, Tesla (TSLA) up 2.13%, and Alphabet (GOOGL) up 1.05%.
Semiconductor stocks remained buoyed, with Advanced Micro Devices (AMD) jumping 7.68%, Marvell Technology (MRVL) up 7.25%, ON Semiconductor (ON) up 6.74%, and Intel (INTC) up 6.01%.
In after-market hours, following earnings reports, Nike (NKE) fell 1%, and Constellation Brands (STZ) was up 4%.
The U.S. 10-year Treasury yield jumped 8.5 basis points to 4.461%.
European stocks rebounded, with the DAX 40 rising 1.50%, the CAC 40 up 0.44%, and the FTSE 100 up 0.12%.
U.S. WTI crude futures declined 1.25 dollars (-1.77%) to 69.50 dollars a barrel.
Gold once dipped below the key 4,000-dollar level before closing at 4,007 dollars an ounce.
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The U.S. dollar was relatively stable, with the dollar index edging up to 101.17, halting a three-session decline.
The U.S. Labor Department reported that the number of job openings was little changed at 7.59 million in May, still higher than expected.
The Conference Board’s U.S. consumer confidence index climbed to 91.2 in June, lower than expected.
EUR/USD was largely flat at 1.1422.
USD/JPY bounced 65 pips to 162.59.
GBP/USD edged up 4 pips to 1.3262, and AUD/USD rose 32 pips to 0.6918.
USD/CHF added 4 pips to 0.8079.
USD/CAD slipped 13 pips to 1.4194. Canada’s gross domestic product grew 0.5% month-on-month in April (vs +0.4% expected, -0.1% in March).
Bitcoin slid over 2% to 58,480 dollars, failing to gain further traction.
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In Asian trading hours, USD/JPY remained elevated at 162.70. The Bank of Japan Tankan large manufacturers index rose to 22 for the second quarter, far exceeding market expectations.
On the other hand, China's RatingDog manufacturing purchasing managers index edged lower to 51.7 in June as expected.
Meanwhile, EUR/USD fell to 1.1404 and GBP/USD slipped to 1.3236.
Gold declined to 3,984 dollars.
Bitcoin was little changed at 58,896 dollars.
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The eurozone's inflation rate is expected to ease to 3.0% year-on-year in June.
In the U.S., the ADP employment is estimated to increase by 113,000 in June, while the ISM manufacturing purchasing managers index is expected to stay at 54.0.
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