|
|
|
|
| |
The U.S. stock market ended a shortened trading week on a mixed note on Thursday. Investor sentiment was influenced by President Trump's speech on Wednesday, in which he said the U.S. military is nearing its objectives in Iran and warned of potential further action against the country.
The S&P 500 advanced 7pts (+0.11%) to 6582 and the Nasdaq 100 rose 25pts (+0.11%) to 24045 while the Dow fell 61pts (-0.13%) to 46504.
On the sector front, the outperforming sectors were Real Estate (XLRE), Technology (XLK), and Consumer Staples (XLP) while Consumer Discretionary (XLY), Health Care (XLV), and Industrials (XLI) underperformed the most.
Despite Thursday's mixed close, the major indexes ended the week on a strong note. The S&P 500 surged 3.36% over the week, snapping a five-week losing streak. The Nasdaq 100 climbed 3.95%, and the Dow gained 2.96%. Additionally, for the week, Technology and Communication Services emerged as the top-performing sectors, while Energy was the worst performer.
The U.S. stock market will be closed on Friday, April 3, for Good Friday. Trading will resume on Monday, April 6.
|
| |
|
|
|
|
|
| |
U.S. Economic Developments: |
|
|
| |
|
|
|
| |
In the U.S. labor market, initial jobless claims dropped to 202,000 last week, beating the forecasted 213,000 and the previous week's revised total of 211,000.
On the trade front, the February deficit came in at $57.3 billion, narrower than the expected $60 billion and the revised January deficit of $54.5 billion.
|
| |
|
|
|
|
|
|
|
|
| |
Tesla (TSLA) tanked 5.42% after the electric vehicle manufacturer reported first-quarter deliveries of 358,023 units, which fell short of analyst estimates.
Amazon.com (AMZN) dipped 0.38% amid reports that it is in talks to acquire satellite communications company Globalstar (GSAT) for $9 billion. Globalstar's shares, however, surged 13.42% on the news.
SBA Communications (SBAC) soared 18.93% following a report that it is exploring a potential sale, according to Bloomberg News.
Airlines and cruise stocks tumbled on rising oil prices, with Delta Air Lines (DAL) and Carnival (CCL) declining 1.24% and 3.54%, respectively.
Estee Lauder (EL) dropped 2.25% after Bloomberg reported that the company is making progress on a potential all-stock merger with Spanish peer Puig.
|
| |
|
|
|
|
|
|
|
|
| |
|
At the European close, the major indices in the region finished mostly lower, with Germany's Dax sliding 130pts (-0.56%) to 23168 and France's Cac 40 declining 18pts (-0.24%) to 7962. Oppositely, the U.K.'s FTSE 100 rose 71pts (+0.69%) to 10436.
|
| |
|
|
|
|
|
| |
Global Macro, FX & Commodities: |
|
|
| |
|
|
|
| |
Rates & Risk Sentiment:
The VIX index dropped 0.67pts (-2.73%) to 23.87 and the US 10 year yield declined to 4.303%.
Precious Metals & Crude:
Gold fell $88.4 (-1.86%) to $4668.9 while Silver decreased $2.3 (-3.06%) to $72.82. On the other hand, WTI Crude Oil advanced $11.57 (+11.56%) to $111.69.
The Dollar & Majors:
The dollar index gained 0.36pts (+0.36%) to 100.013.
EUR/USD fell 51pips (-0.44%) to 1.1537.
GBP/USD slipped 80pips (-0.6%) to 1.3224.
USD/JPY rose 78pips (+0.49%) to 159.56.
USD/CHF advanced 41pips (+0.52%) to 0.7982.
AUD/USD declined 15pips (-0.22%) to 0.6911. Australia's trade surplus hit 5.7 billion Australian dollars in February, exceeding the estimated 1.5 billion Australian dollars.
USD/CAD climbed 39pips (+0.28%) to 1.3913. Canada's trade deficit widened to 5.74 billion Canadian dollars in February, significantly larger than the estimated 1.8 billion Canadian dollars.
Digital Assets:
Bitcoin fell $1164 (-1.71%) to $67014 and Ethereum dropped $72 (-3.39%) to $2070.
|
| |
|
|
|
|
|
