|
| |
U.S. Market Overview:
The major indices in the U.S. finished lower on Tuesday. The S&P 500 slipped 49 pts (-0.67%) to 7,353. The Nasdaq 100 declined 175 pts (-0.61%) to 28,818. The Dow dropped 322 pts (-0.65%) to 49,363.
On the sector front, Energy (XLE), Health Care (XLV), and Utilities (XLU) outperformed, while Materials (XLB), Financials (XLF), and Industrials (XLI) underperformed the most.
Looking at the latest U.S. economic data, Pending Home Sales rose 3.2% year over year in April, above the -0.5% forecast and a sharp reversal from the -1.1% decline recorded in March.
U.S. Equity News:
Chip stocks were hit by profit-taking and sensitivity to rates, which tends to hurt future-growth valuations the most. Apple (AAPL) was the lone bright spot among large caps, gaining 0.38%, while the rest of the group finished in the red. Alphabet (GOOGL) led declines, dropping 2.34%, followed by Amazon (AMZN) down 2.08%, and META Platforms (META) and Tesla (TSLA) each falling around 1.4%. Microsoft (MSFT) declined 1.45%, while NVIDIA (NVDA) shed 0.77%.
Europe Market Overview:
At the European close, the major indices finished mixed. Germany's DAX gained 92 pts (+0.38%) to 24,400, while the FTSE 100 edged up 6 pts (+0.07%) to 10,330. France's CAC 40 slipped 5 pts (-0.07%) to 7,981. On the data front, the U.K. jobless rate climbed to 5.0% for the January-March period, up from 4.9% previously and above expectations for no change.
Volatility & Commodities Snapshot:
The VIX edged up (+1.35%) to 18.06, while the 10-year yield slipped 0.266 bps to 4.657%.
In commodities, precious metals sold off sharply, gold dropped $80.00 (-1.75%) to $4,486 and silver fell $3.77 (-4.85%) to $73.90.
WTI Crude was little changed, dipping just $0.07 to $107.77.
The Dollar & Majors: Dollar firms broadly as euro and Aussie lead declines among majors
Dollar Index +0.13 pts (+0.13%) to 99.321.
EUR/USD -51 pips (-0.44%) to 1.1604.
GBP/USD -38 pips (-0.28%) to 1.3395.
USD/JPY +26 pips (+0.16%) to 159.09.
USD/CHF +47 pips (+0.60%) to 0.7888.
AUD/USD -62 pips (-0.87%) to 0.7104.
USD/CAD +10 pips (+0.07%) to 1.3749. Canada's April inflation data came in cooler than expected across the board. The headline inflation rate rose 2.8% year-over-year, below the 3% forecast and up from 2.4% in March. Core inflation also eased, climbing 2.1% year-over-year against a 2.6% forecast and 2.5% prior.
Digital Assets:
Bitcoin edged up $6 (+0.01%) to $76,874, while Ethereum slipped $2 (-0.10%) to $2,114.
After Hours Key Earnings:
Keysight Technologies (KEYS), a provider of electronic design and test solutions, reported second quarter adjusted earnings of $2.87 per share, well above the $2.32 consensus estimate and up sharply from $1.70 a year ago. The stock was trading up 4% after hours.
|
| |
|
|
|
|
|
