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Best Prop Firm - Smartproptrader Discount Code
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[QUOTE="supertrader9, post: 221976, member: 32878"] MARKET COMMENTARY Market Wrap: Stocks, Bonds, Commodities On Wednesday, major U.S. stock indexes were little changed. The Nasdaq 100 gained 18 points (+0.12%) to 14,964, while the S&P 500 dipped 1 point (-0.03%) to 4,377, and the Dow Jones Industrial Average was down 74 points (-0.22%) to 33,852. U.S. Federal Reserve Chair Jerome Powell repeated his hawkish tone by pointing out that the central bank would likely raise interest rates further. The U.S. 10-year Treasury yield dropped 5.2 basis points to 3.712%. Automobiles & Components (+2.34%), energy (+1.02%), and media (+0.88%) stock sectors performed well, while utilities (-1.48%), food & beverage (-1.21%), and semiconductors (-1.16%) sectors lagged behind. Apple (AAPL) rose 0.63% to a record close of $189.25. Tesla (TSLA) climbed 2.41%, NetFlix (NFLX) advanced 3.06%, and Alphabet (GOOGL) was up 1.56%. On the other hand, Nvidia (NVDA) fell 1.81% after the Wall Street Journal reported that U.S. authorities plans more curbs on exports of artificial intelligence (AI) chips to China. Carnival (CCL) jumped 8.81% as Citi raised its target price of the cruise operator to $20.00. Norwegian Cruise Line (NCLH) also climbed 7.55%. General Mills (GIS) slid 5.17%. The packaged foods company posted lower-than-expected quarterly revenue. European stocks closed higher. The DAX 40 rose 0.64%, the CAC 40 climbed 0.98%, and the FTSE 100 was up 0.52%. U.S. WTI crude futures gained $1.40 to $69.14 a barrel. The U.S. Energy Department reported a reduction of 9.60 million barrels in crude-oil stockpiles (vs -1.76 million barrels expected). Gold price dropped $4 to $1,909 an ounce. Market Wrap: Forex The U.S. dollar strengthened against other major currencies as Fed Chair Jerome Powell continued to show a aggressive stance on interest rates. The dollar index rose to 102.96. EUR/USD fell 45 pips to 1.0916. Germany's GfK consumer confidence index fell to -25.4 for July (vs -23.0 expected). France's official consumer confidence index rose to 85 in June, the highest level in a year. USD/JPY climbed to a fresh 7-month high of 144.61. Bank of Japan Governor Kazuo Ueda said the central bank is less confident over whether inflation would accelerate again after a period of moderation. GBP/USD sank 111 pips to 1.2638, and AUD/USD dropped 85 pips to 0.6601. USD/CHF added 31 pips to 0.8968, and USD/CAD was up 63 pips to 1.3255. Bitcoin retreated nearly 2% to $30,100. [/QUOTE]
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