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Market Wrap: Stocks, Bonds, Commodities |
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On Friday, U.S. stocks rebounded, helping the Dow Jones Industrial Average (up 1,206 points or 2.47% to 50,115) to break above the level of 50,000 for the first time ever.
The S&P 500 rose by 133 points (+1.97%) to 6,932, and the Nasdaq 100 jumped 527 points (+2.15%) to 25,075.
Nvidia (NVDA) bounced 7.87%, Caterpillar (CAT) gained 7.06%, and 3M Co (MMM) was up 4.59%, all helping to lift the Dow.
Some tech giants closed higher, with Tesla (TSLA) gaining 3.50%, Microsoft (MSFT) up 1.90%, and Apple (AAPL) up 0.80%.
Chip stocks outperformed the market, with Advanced Micro Devices (AMD) rebounding 8.28%, and Broadcom (AVGO) up 7.22%.
Financial stocks also performed well, with Goldman Sachs (GS) rising 4.31%, and JPMorgan (JPM) up 3.95%.
Amazon (AMZN) closed 5.55% lower. The company announced that 2026 capital expenditures could jump 50% to 200 billion dollars, with a key focus on artificial-intelligence initiatives.
Reddit (RDDT) fell 7.43% despite reporting better-than-expected quarterly earnings and announcing a one-billion-dollar share buyback program.
The U.S. 10-year Treasury yield rebounded 2.0 basis points to 4.208%.
European stocks also closed higher, with the DAX 40 rising 0.94%, the CAC 40 up 0.43%, and the FTSE 100 up 0.59%.
Gold gained 186 dollars (+3.90%) to 4,964 dollars an ounce, and silver bounced 6.89 dollars (+9.71%) to 77.87 dollars an ounce.
U.S. WTI crude futures settled 26 cents higher to 63.55 dollars a barrel.
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The U.S. dollar retreated 0.21 point to 97.61. The University of Michigan consumer sentiment index improved further to 57.3 in February, higher than expected.
The U.S. Labor Department has rescheduled the release of non-farm payroll data to Wednesday (February 11) and that of major inflation data to Friday (February 13).
USD/JPY added 8 pips to 157.11.
EUR/USD rose 48 pips to 1.1823. Germany's industrial production unexpectedly fell 1.9% month on month in December.
GBP/USD advanced 92 pips to 1.3617.
AUD/USD increased 97 pips (+1.40%) to 0.7021.
USD/CHF slipped 29 pips to 0.7751.
USD/CAD retreated 62 pips to 1.3648. Canada's data showed a loss of 24,800 jobs in January, worse than expected.
Bitcoin rebounded alongside risk assets, surging over 7,000 dollars or 12% to 70,500 dollars.
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On Sunday, Japanese Prime Minister Sanae Takaichi's Liberal Democrat Party won a snap election in the Lower House by a landslide, paving the way for her promised tax cuts and higher military spending.
On Monday morning, Japan's Nikkei 225 once surged over 5% to surpass the level of 57,000 for the first time ever.
On the forex front, USD/JPY retreated to 156.80, while EUR/USD was steady at 1.1825 and GBP/USD eased to 1.3608.
Gold extended its rally to 4,997 dollars.
Bitcoin held gains at 70,639 dollars.
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No major economic data expected.
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