|
| |
Market Wrap: Stocks, Bonds, Commodities |
|
|
| |
|
|
|
| |
On Friday, the S&P 500 edged up 3 points (+0.05%) to 7,411, and the Dow Jones gained 235 points (+0.46%) to 51,947, while the Nasdaq 100 fell 326 points (-1.15%) to 28,128.
On a weekly basis, both the S&P 500 and the Nasdaq 100 were down for two consecutive weeks, and the Dow Jones posted a three-week decline.
The market’s focus this week should be the Federal Reserve’s interest-rate decision on Wednesday as well as earnings reports from mega-cap tech firms including Apple (AAPL), Microsoft (MSFT), Meta (META) and Amazon (AMZN).
Apple (AAPL) bounced 3.54% on Friday after Morgan Stanley reiterated an "overweight" rating for the stock. The tech giant will report earnings after the market’s close on Thursday.
Tesla (TSLA) fell a further 2.08% after tumbling more than 14% in the prior session. The stock lost nearly 18% for the week.
Intel (INTC) dropped 7.90% despite the chipmaker reporting strong quarterly results and issuing upbeat guidance.
Other semiconductor and data-storage stocks also came under pressure, with Micron (MU) falling 6.99%, Arm Holdings (ARM) down 8.14%, and Sandisk (SNDK) down 10.79%.
After releasing quarterly results, SLB Ltd (SLB) surged 11.01% and Verizon Communications (VZ) climbed 5.93%, while American Express (AXP) declined 4.28%.
The U.S. 10-year Treasury yield retreated 1.8 basis points to 4.681%, halting a four-session rally.
European stocks closed broadly higher, with the DAX 40 rising 1.36%, the CAC 40 up 0.88%, and the FTSE 100 up 0.91%.
Over the weekend, the U.S. paused attacks on Iran, and Iran said it halted retaliatory attacks in the region in response. As a result, in early Asian trading hours on Monday, U.S. WTI crude futures fell more than 5% to 84.30 dollars a barrel.
Gold price climbed to 4,091 dollars an ounce.
|
| |
|
|
|
|
|
|
|
|
| |
In early Asian trading hours on Monday, the U.S. dollar softened, with EUR/USD rebounding to 1.1392 and GBP/USD climbing to 1.3346.
USD/JPY eased to 163.67, while AUD/USD tried to regain the 0.7000 level.
Beyond the Fed’s interest-rate decision, investors will also focus on the U.S. personal consumption expenditure price inflation due Thursday.
Both the Bank of Japan and the Bank of England are expected to keep their key interest rates unchanged this week.
Bitcoin traded back up to 65,000 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
In Asian trading hours, EUR/USD advanced to 1.1408 and GBP/USD rose to 1.3357.
Meanwhile, USD/JPY fell to 163.53.
Gold climbed to 4,097 dollars.
Bitcoin was stable at 65,181 dollars.
|
| |
|
|
|
|
|
|
|
|
| |
Germany's Ifo business climate index is expected to climb to 85.9 in July.
In the U.S., durable goods orders are estimated to grow 1.8% month-on-month in June, while the Dallas manufacturing index is expected to slip to -1 in July.
|
| |
|
|
|
|
|
