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Market Wrap: Stocks, Bonds, Commodities |
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On Tuesday, the major indices in the U.S. rose for a fourth straight session. The S&P 500 advanced 31 points (+0.46%) to 6,909, while the Dow Jones gained 79 points (+0.16%) to 48,442, and the Nasdaq 100 rose 126 points (+0.50%) to 25,587.
On the sector front, the outperforming sectors were Energy (XLE), Communication Services (XLC), and Technology (XLK), while Consumer Staples (XLP), Health Care (XLV), and Consumer Discretionary (XLY) underperformed the most.
U.S. GDP growth for the third quarter was revised higher to 4.3% quarter-on-quarter, above the 3.2% expected, while durable goods orders fell by 2.2% month-on-month in October, compared with -0.9% estimated.
Mega-cap tech traded mostly higher, led by NVIDIA (NVDA) (+3.01%), which outperformed on continued AI momentum, while Amazon (AMZN) (+1.62%) and Alphabet (GOOGL) (+1.48%) also posted solid gains. Apple (AAPL) edged modestly higher (+0.51%), while Tesla (TSLA) was the lone laggard, slipping 0.65% amid mixed sentiment in electric vehicle names.
The U.S. 10-year yield rose to 4.165%.
In Europe, Germany's Dax 40 rose 0.23%, while France's Cac 40 fell 0.21%, and the U.K. FTSE 100 gained 0.24%.
In the commodities market, gold advanced 46 dollars (+1.04%) to a fresh record high at 4,491 dollars, while WTI crude oil futures climbed 0.37 dollars (+0.64%) to 58.38 dollars, up for a third straight session.
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The dollar index fell 0.34% to 97.94.
EUR/USD rose 29 pips (+0.25%) to 1.1789 and GBP/USD advanced 37 pips (+0.27%) to 1.3499.
USD/JPY fell 76 pips (-0.48%) to 156.29 and USD/CHF slipped 41 pips (-0.52%) to 0.7879.
AUD/USD rose 44 pips (+0.66%) to a 3-month high at 0.6699.
USD/CAD retreated 55 pips (-0.40%) to 1.3692. Canada's GDP grew 0.1% month-on-month in November, compared with the -0.2% estimated.
Finally, in the cryptocurrencies market, Bitcoin fell 640 dollars (-0.73%) to 87,611 dollars, and Ether dropped 23 dollars (-0.80%) to 2,963 dollars.
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In Asian trading hours, EUR/USD advanced to 1.1805 and GBP/USD bounced to 1.3530.
Meanwhile, USD/JPY declined to 155.63.
Gold climbed to 4,506 dollars.
Bitcoin slipped to 87,355 dollars.
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In the U.S., weekly initial jobless claims are estimated at 226,000.
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