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Market Wrap: Stocks, Bonds, Commodities |
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On Monday, U.S. stocks regained some traction, with the Dow Jones Industrial Average rising 253 points (+0.67%) to 38,239, the S&P 500 up 43 points (+0.87%) to 5,010, and the Nasdaq 100 up 173 points (+1.02%) to 17,210.
The U.S. 10-year Treasury yield dipped 0.4 basis point to 4.611%.
Financial, technology, consumer staples and utilities stock sectors led the market higher.
Nvidia (NVDA) rebounded 4.35% after tumbling 10% Friday.
Tesla (TSLA) slid 3.40%. The electric-vehicle maker is cutting vehicle prices again in China and Europe.
Li Auto (LI), also an electric-vehicle maker, dropped 5.57%.
Salesforce.com (CRM) rose 1.27% while Informatica (INFA) tumbled 10.51%. Reuters reported that Salesforce.com ended talks on acquiring Informatica.
Verizon Communications (VZ) fell 4.67%. The wireless provider posted lower-than-expected first-quarter revenue.
European stocks closed higher, with the DAX 40 rising 0.70%, the CAC 40 up 0.22%, and the FTSE 100 up 1.62%.
U.S. WTI crude-oil futures eased $0.12 to $82.85 a barrel.
Gold price sank $60 (-2.55%) to $2,329 an ounce, as geopolitical tensions in the Middle East appeared to be easing.
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The U.S. dollar index was little changed at 106.12.
USD/JPY chalked a fresh 34-year high at 154.85. The Bank of Japan is expected to keep its key interest rate unchanged at 0.000% on Friday.
EUR/USD dipped 2 pips to 1.0652.
GBP/USD dropped 21 pips to 1.2350.
AUD/USD climbed 31 pips to 0.6448.
USD/CHF gained 16 pips to 0.9116.
USD/CAD dropped 56 pips to 1.3697. Canada's data showed that producer prices declined 0.5% on year in March (vs -1.3% expected).
Bitcoin showed resilience, grinding higher to $66,600.
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In Asian trading hours, precious metals remained under pressure as gold dropped 0.8% further to $2,309.
Meanwhile, EUR/USD and GBP/USD were both little changed at 1.0660 and 1.2355 respectively.
USD/JPY eased to 154.75.
Bitcoin edged up to $66,844.
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The HCOB manufacturing purchasing managers index for April is expected at 47.9 for the eurozone, 42.9 for Germany and 47.0 for France. Also, services purchasing managers index is estimated at 51.8 for the eurozone, 50.7 for Germany and 49.1 for France.
The S&P Global manufacturing purchasing managers index for April is expected at 50.5 for the U.K. and 52.0 for the U.S. Also, services purchasing managers index is estimated at 53.3 for the U.K. and 51.8 for the U.S.
In the U.S., new home sales are estimated at an annualized rate of 680,000 units in March, while Richmond Fed manufacturing index is expected to improve to -8 in April.
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