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Best Prop Firm - Smartproptrader Discount Code
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[QUOTE="supertrader9, post: 221532, member: 32878"] MARKET COMMENTARY Market Wrap: Stocks, Bonds, Commodities On Wednesday, U.S. stocks closed mixed after a choppy trading session. The Dow Jones Industrial Average fell 232 points (-0.68%) to 33,979, while the S&P 500 added 3 points (+0.08%) to 4,372, and the Nasdaq 100 rose 104 points (+0.70%) to 15,005. As widely expected, the Federal Reserve kept its key interest rates unchanged at 5.00% - 5.25% after 10 consecutive interest-rate increases. However, the central bank projected another two 25-basis-point rate hikes before the end of the year. The U.S. 10-year Treasury yield dropped 1.9 basis points to 3.794%. Semiconductors (+2.72%), consumer durables & apparel (+2.08%), and transportation (+1.49%) stock sectors gained the most, while health-care equipment & services (-1.8%), banks (-1.17%), and energy (-1.12%) sectors came under pressure. Nvidia (NVDA) jumped 4.81% to a record close of $429.97. Advanced Micro Devices (AMD) gained 2.25%. The chip maker unveiled its new artificial intelligence (AI) chip. Also, Broadcom (AVGO) rose 4.12%, and Intel (INTC) climbed 4.92%. Microsoft (MSFT) added 0.91% after a U.S. judge temporarily blocked the software giant's acquisition of video game maker Activision Blizzard. Tesla (TSLA) slipped 0.74% halting a thirteen-session winning streak. UnitedHealth (UNH) fell 6.4%. The chief finance officer of the private health insurer warned investors of rising healthcare costs. Also, CVS Health (CVS) dropped 7.76%, and Humana (HUM) plunged 11.24%. U.S. data showed that producer-price growth slowed to 1.1% on year in May (vs 2.1% expected). European stocks also closed higher. The DAX 40 rose 0.49%, the CAC 40 climbed 0.52%, and the FTSE 100 was up 0.10%. U.S. WTI crude futures declined $0.70 to $68.70 a barrel. The U.S. Energy Department reported an addition of 7.92 million barrels in crude-oil stockpiles (vs a reduction of 0.51 million barrels expected). Gold price was little changed at $1,943 an ounce. Market Wrap: Forex The U.S. dollar retreated against other major currencies after the Federal Reserve paused its interest-rate hikes. The dollar index fell to 103.00. EUR/USD gained 40 pips to 1.0833. The Eurozone's data showed that industrial production grew 1.0% on month in April (vs 1.9% expected). USD/JPY dropped 24 pips to 139.98. This morning, Japan's data showed that trade deficit widened to 1.37 trillion yen in May with exports growing 0.6% on year (vs -1.1% expected). Also, machinery orders increased 5.5% on month in April (vs +2.2% expected). GBP/USD climbed 49 pips to 1.2661. U.K. data showed that gross domestic product grew 0.2% on month in April (as expected), while industrial production declined 0.3% (vs +0.1% expected). NZD/USD gained 61 pips to 0.6211. This morning, New Zealand's data showed gross domestic product (GDP) shrank 0.1% on quarter in the first quarter (as expected). With two consecutive quarters of negative growth, the country is now in a technical recession. AUD/USD rose 28 pips to 0.6795. USD/CHF declined 41 pips to 0.9011, while USD/CAD edged up 8 pips to 1.3326. Bitcoin slid over 3% to test the support at the $25,000 level. [/QUOTE]
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