Menu
Brokers
MT4 Forex Brokers
MT5 Forex brokers
PayPal Brokers
Skrill Brokers
Oil Trading Brokers
Gold Trading Brokers
Web Browser Platform
Brokers with CFD Trading
ECN Brokers
Bitcoin FX Brokers
PAMM Forex Brokers
With Cent Accounts
With High Leverage
Cryptocurrency Brokers
Forums
All threads
New threads
New posts
Trending
Search forums
What's new
New threads
New posts
Latest activity
Log in
Register
Search
Search titles only
By:
Search titles only
By:
Menu
Install the app
Install
Reply to thread
Forums
Advertisements
Advertisements
Best Prop Firm - Smartproptrader Discount Code
JavaScript is disabled. For a better experience, please enable JavaScript in your browser before proceeding.
You are using an out of date browser. It may not display this or other websites correctly.
You should upgrade or use an
alternative browser
.
Message
[QUOTE="supertrader9, post: 221295, member: 32878"] MARKET COMMENTARY Market Wrap: Stocks, Bonds, Commodities On Thursday, U.S. stocks closed higher, led by technology shares. The Nasdaq 100 rose 181 points (+1.27%) to 14,484, the S&P 500 climbed 26 points (+0.62%) to 4,293, and the Dow Jones Industrial Average was up 168 points (+0.50%) to 33,833. The latest number of initial jobless claims in the U.S. increased more than expected to 261,000 (vs 235,000 expected), indicating that the labor market is cooling, and that the Federal Reserve could pause hiking interest rates. The U.S. 10-year Treasury Yield dropped 7.9 basis points to 3.716%. Automobiles (+3.66%), semiconductors (+1.63%), and retailing (+1.5%) stock sectors were the top performers in the session. Tesla (TSLA) gained 4.58% to $234.86, extending its winning streak to a tenth session, the longest one since 2021. In after-market hours, the Tesla gained a further 5%, and General Motors (GM) was up 4%. Both companies announced a collaboration in which Tesla will open its fast-charging network in North America to General Motors electric vehicles. Amazon.com (AMZN) rose 2.49% as the tech giant was rated "overweight" at Wells Fargo. At the same time, Apple (AAPL) climbed 1.55%, Nvidia (NVDA) advanced 2.76%, and Netflix (NFLX) was up 2.40%. GameStop (GME) plunged 17.89%. The videogame retailer reported a bigger-than-expected quarterly loss, and ousted its chief executive. In Europe, the DAX 40 rose 0.18%, the CAC 40 gained 0.27%, while the FTSE 100 was down 0.32%. U.S. WTI crude futures fell $1.60 to $70.92 a barrel. Gold price rebounded $25 to $1,965 an ounce. Market Wrap: Forex The U.S. dollar weakened against other major currencies on signs that the labor market is cooling. The dollar index fell to 103.33. EUR/USD gained 82 pips to 1.0781, and GBP/USD jumped 120 pips to 1.2558. USD/JPY slid 120 pips to 138.93. This morning, the Bank of Japan reported that the M2 money stock grew 2.7% on year in May (vs +2.6% in April). AUD/USD climbed 63 pips to 0.6715. Australia's data showed that the trade surplus declined to A$11.16 billion in April (vs A$12.40 billion expected) with exports shrinking 5.0% on month. USD/CHF dropped 108 pips to 0.8993, and USD/CAD dipped 15 pips to 1.3355. Bitcoin was little changed at $26,480. [/QUOTE]
Insert quotes…
Verification
Post reply
Top
Bottom
This site uses cookies to help personalise content, tailor your experience and to keep you logged in if you register.
By continuing to use this site, you are consenting to our use of cookies.
Accept
Learn more…