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Best Prop Firm - Smartproptrader Discount Code
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[QUOTE="supertrader9, post: 222197, member: 32878"] MARKET COMMENTARY Market Wrap: Stocks, Bonds, Commodities On Wednesday, U.S. indices lost ground after the S&P 500 slipped 8 points (-0.2%) to 4,446, the Nasdaq 100 fell 4 points (-0.03%) to 15,203 and the Dow Jones Industrial Average dropped 129 points (-0.38%) to 34,288. The Materials (-2.47%), Semiconductors & Semiconductor Equipment (-1.54%), and Consumer Durables & Apparel (-1.17%) sectors underperformed the most during the trading session. Rivian Automotive (RIVN), the automotive technology company, climbed 4.45% as Amazon.com (AMZN) announced the arrival of its new custom electric delivery vans from Rivian in Europe. Meta Platforms (META), a social technology company, increased 2.92% and Alphabet (GOOGL), Google's holding company, added 1.54% after Canadian Heritage Minister Pablo Rodriguez said the Canadian government is hoping to mend relations with the tech giants after they ended news access in the country on their platforms following a bill that was passed into law last month in Canada that'd require platforms to share advertising revenue with the Canadian Government. Meanwhile, Netflix (NFLX), the video streaming service, rose 1.01% after it was upgraded to "neutral" from "sell" at Goldman Sachs. Oppositely, Coinbase Global (COIN), a cryptocurrency exchange platform, fell 1.98% and underperformed the Nasdaq 100 as it was downgraded to "neutral" from "overweight" at Piper Sandler. On the U.S. economic data front, the Federal Reserve's latest FOMC meeting minutes revealed that some officials favored a rate hike at this meeting, while almost all participants judged that additional rate increases during 2023 would be appropriate. On the other hand, factory orders rose 0.3% on month in May, against an expected increase of 1.5%. The U.S. 10-year Treasury Yield gained 7.7 basis points to 3.932%. European stocks were under pressure at the close for the third time this week. The Dax 40 fell 0.63%, the Cac 40 dropped 0.80% and the FTSE 100 slid 1.03%. WTI Crude Futures rose $2.1 to $71.9. The American Petroleum Institute reported that U.S. crude oil inventories dropped 4.38 million barrels in the week ending June 30. Spot gold was down $9 to $1,916. Market Wrap: Forex The U.S. dollar index gained 0.3% to 103.36, as the Fed's latest minutes reaffirmed rate hike expectations. Investors would turn their focus to the U.S. employment data due later today, with the ADP employment expected to increase by 160,000 in June. EUR/USD dropped 24 pips to 1.0855. The eurozone's producer prices index dropped 1.5% on year in May, compared with a decline of 1.1% anticipated. GBP/USD fell 10 pips to 1.2703. USD/JPY increased 20 pips to 144.67 and USD/CHF added 18 pips to 0.8988. AUD/USD slid 37 pips to 0.6655 while USD/CAD climbed 59 pips to 1.3282. Bitcoin traded lower to $30,458. [/QUOTE]
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