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Market Wrap: Stocks, Bonds, Commodities |
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On Monday, U.S. stocks closed mixed. The S&P 500 slipped 27 points (-0.37%) to 7,472, the Nasdaq 100 fell 59 points (-0.19%) to 30,347, while the Dow Jones rose 148 points (+0.29%) to 51,712.
SpaceX (SPCX) slid 16.43%. The company signed a computing-power agreement with open-source AI startup Reflection, which will pay SpaceX 150 million dollars per month starting July.
Micron (MU) rose 6.82% after reaching an agreement with Anthropic to develop memory and storage infrastructure for AI workloads.
Alphabet (GOOGL) dropped 4.99% as its DeepMind researcher John Jumper will leave the company to join Anthropic.
AbbVie (ABBV) climbed 6.25% after striking a deal to acquire Apogee Therapeutics (APGE) for 10.9 billion dollars.
Chevron (CVX) gained 0.82%. The company announced a long-term arrangement with Microsoft (MSFT) to develop natural gas power facilities in West Texas.
The U.S. 10-year Treasury yield rose to 4.509%.
At the European close, DAX 40 rose 0.62%, CAC 40 fell 0.25%, and FTSE 100 gained 0.72%.
In the commodities market, gold rebounded 29 dollars (+0.70%) to 4,191 dollars after a 3-day decline. U.S. WTI crude oil futures (August) fell 1.99 dollars (-2.62%) to 73.86 dollars a barrel.
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The U.S. dollar strengthened, with the dollar index rising 0.17% to 101.01.
EUR/USD dropped 43 pips (-0.37%) to 1.1425.
GBP/USD rose 16 pips (+0.12%) to 1.3248. British Prime Minister Keir Starmer said he will step down as Labour Party leader and prime minister as soon as a new leader is selected.
USD/JPY rose 31 pips (+0.19%) to 161.59.
USD/CHF climbed 15 pips (+0.19%) to 0.8085.
AUD/USD fell 13 pips (-0.19%) to 0.6998.
USD/CAD advanced 9 pips (+0.06%) to 1.4161. Canada’s inflation rose 3.2% year-on-year in May, above the 2.9% forecast.
In the cryptocurrency market, Bitcoin rose 611 dollars (+0.96%) to 64,378 dollars and Ethereum gained 13 dollars (+0.80%) to 1,732 dollars.
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In Asian trading hours, EUR/USD remained subdued at 1.1428, while GBP/USD was stable at 1.3245.
Meanwhile, USD/JPY was steady at 161.55.
Gold retreated to 4,155 dollars.
Bitcoin eased to 64,158 dollars.
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The eurozone's S&P Global manufacturing purchasing managers index is expected to slip to 51.2 in June, while services index is estimated to improve to 48.1.
In the U.K., the S&P Global manufacturing purchasing managers index is expected to ease to 53.6 in June, while services index is anticipated to climb to 50.0.
In the U.S., the S&P Global manufacturing purchasing managers index is estimated to ease to 54.7 in June, while services index is expected to edge up to 51.0. Also, the Richmond Fed manufacturing index is anticipated to slip to 9 in June.
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