Lark Funding Discount Code

[supertrader9]

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[supertrader9]

MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Tuesday, U.S. stocks extended their rally to a fourth session. The Dow Jones Industrial Average climbed 173 points (+0.48%) to 36,577, the S&P 500 gained 21 points (+0.46%) to 4,643, and the Nasdaq 100 jumped 132 points (+0.82%) to 16,354.

Both the S&P 500 and the Nasdaq 100 marked their highest closes since January 2022.

The U.S. 10-year Treasury yield dipped 2.9 basis points to 4.204%.

U.S. data showed that the inflation rate eased further to 3.1% on year in November (as expected), and the core inflation rate remained steady at 4.0% on year (as expected).

Later on Wednesday, the U.S. Federal Reserve is expected to hold its key interest rate unchanged at 5.25%-5.50%.

Semiconductors (+1.53%), commercial & professional services (+1.13%), and insurance (+1.00%) stock sectors gained the most in the session, while energy (-1.35%), automobiles & components (-0.96%), and telecom services (-0.62%) sectors came under pressure.

Chip makers outperformed the market, with Nvidia (NVDA) rising 2.21%, Broadcom (AVGO) up 4.18%, and Advanced Micro Devices (AMD) up 2.38%.

At the same time, Meta Platforms (META) rose 2.75%, Amazon.com (AMZN) climbed 1.09%, Microsoft (MSFT) gained 0.83%, and Apple (AAPL) was up 0.79%.

Alphabet (GOOGL) eased 0.58%. The tech giant lost an antitrust case brought by video-game maker Epic Games.

Lucid Group (LCID) plunged 8.46%. The electric-vehicle maker announced the resignation of its chief financial officer.

Sonos Inc (SONO) rose 3.82% after being upgraded to "overweight" at Morgan Stanley.

Macy's (M) retreated 8.28%, as Citi downgraded the stock to "sell".

In Europe, the DAX 40 dipped 0.02%, the CAC 40 declined 0.11%, and the FTSE 100 eased 0.03%.

U.S. WTI crude oil futures dropped $2.52 (-3.53%) to $68.80 a barrel.

Gold price softened $2 to $1,979 an ounce


MARKET WRAP: FOREX


The U.S. dollar index was little changed at 103.80.

EUR/USD rose 30 pips to 1.0795. Germany's ZEW economic sentiment index bounced to 12.8 in December (vs a decline to 7.5 expected).

USD/JPY lost 67 pips to 145.49. This morning, the Bank of Japan reported that its Tankan large manufacturers index improved to 12 in the fourth quarter (vs 10 expected), and the large non-manufacturers index rose to 30 (vs 25 expected).

GBP/USD gained 12 pips to 1.2567. In the U.K., the latest jobless rate stayed at 4.2% (vs a rise to 4.3% expected).

AUD/USD eased 8 pips to 0.6560.

USD/CHF fell 30 pips to 0.8754, while USD/CAD added 16 pips to 1.359.

Bitcoin remained in consolidation mode, as it failed to break above the $42,000 level.


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MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Thursday, the Dow Jones Industrial Average advanced a further 158 points (+0.43%) to 37,248, its second consecutive record close. The S&P 500 gained 12 points (+0.26%) to 4,719, while the Nasdaq 100 eased 24 points (-0.15%) to 16,537.

As the U.S. Federal Reserve made it quite clear that interest rates will come down next year, the U.S. 10-year Treasury yield sank 10.1 basis points to 3.915%.

U.S. data showed that retail sales increased 0.3% on month in November (vs -0.1% expected). The latest number of initial jobless claims declined to 202,000 (vs 223,000 expected).

Automobiles & components (+5.30%), banks (+4.15%), and energy (+2.94%) stock sectors were the top performers, while insurance (-3.21%), household & personal products (-2.35%), and software & services (-2.18%) sectors underperformed the market.

Apple (AAPL) marked an all-time high of $199.62 before ending the session at $198.11, a record close.

Tesla (TSLA) jumped 4.91%, while most other big-tech stocks closed lower with Microsoft (MSFT) sliding 2.25% and Amazon.com (AMZN) down 0.95%.

Ford Motor (F) rose 7.47%, and General Motors (GM) gained 6.65%.

Goldman Sachs (GS) closed 5.72% higher, and Wells Fargo (WFC) was up 5.76%.

Moderna (MRNA) jumped 9.25%. The biotech firm released positive data regarding a skin cancer treatment.

Adobe (ADBE) fell 6.35%, as the software developer gave a lower-than-expected business outlook.

In Europe, the DAX 40 dipped 0.08%, the CAC 40 gained 0.59%, and the FTSE 100 was up 1.33%.

U.S. WTI crude-oil futures gained $2.18 (+3.14%) to $71.65 an ounce.

Gold price added $8 (+0.41%) to $2,036 an ounce.



MARKET WRAP: FOREX


The U.S. dollar weakened further against other major currencies thanks to the Federal Reserve's projection of cutting interest rates in 2024. The dollar index declined to 101.96.

EUR/USD jumped 117 pips to 1.0990. As expected, the European Central Bank (ECB) held its key interest rate unchanged at 4.50%. But unlike the Federal Reserve, the ECB did not hint at any rate cut in the near future.

GBP/USD surged 147 pips to 1.2765. The Bank of England kept its key rate unchanged at 5.25% as expected, and pointed out that rates need to stay high for an extended period.

USD/CHF fell 41 pips to 0.8676. The Swiss National Bank maintained its key rate unchanged at 1.75% as expected.

USD/JPY dropped 100 pips to 141.89.

AUD/USD gained 35 pips to 0.6697.

USD/CAD sank 110 pips to 1.3408.

Bitcoin regained its strength climbing back to the level of $43,000 again.


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MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Thursday, U.S. stocks closed higher recovering a large part of the previous session's losses. The Dow Jones Industrial Average rose 322 points (+0.87%) to 37,404, the S&P 500 climbed 48 points (+1.03%) to 4,747, and the Nasdaq 100 was up 203 points (+1.23%) to 16,757.

The U.S. 10-year Treasury yield slid 11 basis points to 3.890%.

Automobiles & components (+3.02%), semiconductors (+2.25%), and health-care equipment & services (+1.46%) stock sectors gained the most.

Micron Technology (MU) jumped 8.63%, as the chip maker's quarterly revenue forecast exceeded expectations.

Advanced Micro Devices (AMD) rose 3.28%, Intel (INTC) climbed 2.88%, and Nvidia (NVDA) was up 1.83%.

Carnival (CCL) traded 6.2% higher. The world's largest cruise company posted a smaller-than-expected loss.

Norwegian Cruise Line (NCLH) gained 5.44%, and Royal Caribbean Cruises (RCL) was up 5.22%.

Tesla (TSLA) rebounded 2.98%.

In after-market hours, Nike (NKE) sank 10%, as the sportswear company cut its sales outlook and announced plans to cut costs by about $2 billion.

U.S. data showed that third-quarter GDP growth was 4.9% on quarter, slightly below a growth of 5.2% expected. The latest number of initial jobless claims increased to 205,000 (vs 209,000 expected).

The Philadelphia Fed manufacturing index dropped to -10.5 in December (vs -4.0 expected), and the Conference Board leading index fell 0.5% on month in November (as expected).

European stocks finished lower, with the DAX 40 falling 0.27%, the CAC 40 down 0.16%, and the FTSE 100 down 0.27%.

U.S. WTI crude-oil futures dropped $0.26 to $73.96 a barrel.

Gold price was little changed at $2,045.


MARKET WRAP: FOREX


The U.S. dollar saw its weakness against other major currencies resume. The dollar index fell to 101.75.

EUR/USD added 72 pips to 1.1010, and GBP/USD rose 51 pips to 1.2688.

USD/JPY slid 147 pips to 142.09. This morning, Japan's data showed that the inflation rate slowed to 2.8% on year in November (vs 2.6% expected), and the core inflation rate eased to 2.5% (as expected).

AUD/USD lost 68 pips to 0.8558.

USD/CHF climbed by +71 pips to 0.6800.

USD/CAD dropped 84 pips to 1.3282. Canada's data showed that retail sales grew 0.7% on month in October (vs +0.5% expected).

Bitcoin continued to challenge the level of $44,000.

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MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Tuesday, U.S. tech stocks marked a disappointing start of 2024 with the Nasdaq 100 slumping 281 points (-1.68%) to 16,543, the worst performance since October. The S&P 500 fell 27 points (-0.57%) to 4,742, while the Dow Jones Industrial Average gained 25 points (+0.07%) to 37,715.

Telecom services (+2.53%), pharmaceuticals, biotechnology & life sciences (+2.34%), and food, beverage & tobacco (+1.76%) stock sectors were the top performers in the session, while semiconductors (-3.24%), technology hardware & equipment (-3.09%), and software & services (-1.77%) sectors underperformed the market.

Apple (AAPL) fell 3.58% to a seven-week low after the stock was downgraded to "underweight" at Barclays.

Tesla (TSLA) was flat at close. The electric-vehicle maker reported that it delivered a record number of 494,989 vehicles in the fourth quarter, raising the total annual delivery number to 1.8 million vehicles.

Rivian Automotive (RIVN) sank 10.06%, as the electric-vehicle maker's quarterly delivery figures missed expectations.

Meanwhile, other big-tech stocks closed lower, with Nvidia (NVDA) dropping 2.73%, Meta Platforms (META) down 2.17%, Microsoft (MSFT) down 1.37%, Amazon.com (AMZN) down 1.32%, and Alphabet (GOOGL) down 1.09%.

On the other hand, Moderna (MRNA) jumped 13.12%, as the biotech firm was upgraded to "outperform" at Oppenheimer.

The U.S. 10-year Treasury yield gained 8.3 basis points to 3.943%.

In Europe, the DAX 40 gained 0.11%, while the CAC 40 slipped 0.16%, and the FTSE 100 declined 0.15%.

U.S. WTI crude-oil futures dropped $1.12 (-1.56%) to $70.53 a barrel.

Gold price fell $4 to $2,058 an ounce.



MARKET WRAP: FOREX


The U.S. dollar rose along with higher Treasury yields. The dollar index climbed to 102.22.

EUR/USD fell 103 pips to 1.0941.

USD/JPY gained 109 pips to 141.96.

GBP/USD dropped 104 pips to 1.2619, and AUD/USD slid 50 pips to 0.6761.

USD/CHF rose 89 pips to 0.8501, and USD/CAD increased 86 pips to 1.3322.

Bitcoin once ran up to $45,925, the highest level since April 2022, before retreating back to $45,000.



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[supertrader9]

MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Thursday, the Nasdaq 100 declined a further 86 points (-0.53%) to 16,282, extending its losing streak to a fifth session, the longest one since October 2022. The S&P 500 also closed 16 points lower (-0.34%) at 4,688, while the Dow Jones Industrial Average edged up 10 points (+0.03%) to 37,440.

The ADP jobs report showed that the U.S. economy added 164,000 private jobs in December (vs +99,000 expected). The latest number of initial jobless claims declined to 202,000 (vs 225,000 expected).

Investors are expecting the U.S. official jobs report for December, to be released later today, to show a slower addition of non-farm payrolls of 150,000 and a higher jobless rate of 3.9%.

Meanwhile, the U.S. 10-year Treasury yield gained 8.6 basis points to 3.993%.

Energy (-1.63%), retailing (-1.62%), and technology hardware & equipment (-1.15%) stock sectors lost the most during the session.

Microsoft (MSFT) declined 0.72%, Apple (AAPL) fell 1.23%, Alphabet (GOOGL) dropped 1.82%, and Amazon.com (AMZN) lost 2.63%.

Nvidia (NVDA) gained 0.90%, while ON Semiconductor (ON) slid 3.92% and NXP Semiconductors (NXPI) was down 3.85%.

Mobileye Global (MBLY) plunged 24.55%, as the self-driving system developer gave a lower-than-expected full-year revenue forecast.

Peloton Interactive (PTON) jumped 13.94%. The interactive fitness platform announced a collaboration with TikTok to offer personalized social contents.

European stocks closed higher, with the DAX 40 gaining 0.48%, the CAC 40 up 0.52% and the FTSE 100 up 0.53%.

U.S. WTI crude-oil futures eased $0.31 to $72.39 a barrel.

Gold price added $2 to $2,043 an ounce.


MARKET WRAP: FOREX

The U.S. dollar index was little changed at 102.39.

EUR/USD climbed 25 pips to 1.0946. Inflation in Germany increased to 3.7% on year in December (as expected), and that in France also ticked up to 3.7% (vs 3.8% expected).

USD/JPY jumped 136 pips (+0.95%) to 144.65.

GBP/USD rose 18 pips to 1.2680, while AUD/USD dipped 25 pips to 0.6704.

USD/CHF added 11 pips (+0.13%) to 0.8501.

USD/CAD was little changed at 1.3350.

Bitcoin regained upward momentum, as it surpassed both $43,000 and $44,000 levels. Investors kept expecting approvals for Bitcoin spot exchange-traded funds (ETFs) to be announced within a few days.


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[supertrader9]

MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Tuesday, U.S. stocks closed mixed. The Dow Jones Industrial Average fell 157 points (-0.42%) to 37,525, the S&P 500 declined 7 points (-0.15%) to 4,756, while the Nasdaq 100 closed 28 points higher (+0.17%) at 16,678.

The U.S. 10-year Treasury yield stayed firm at 4.015%.

Semiconductors & semiconductor equipment (+0.79%), retailing (+0.77%), and food & staples retailing (+0.75%) stock sectors posted gains, while automobiles & components (-2.12%), telecom services (-1.92%), and energy (-1.63%) sectors underperformed the market.

Nvidia (NVDA) advanced a further 1.70% to another record close of $531.40.

Alphabet (GOOGL) rose 1.52%, and Amazon.com (AMZN) was up 1.52%, while Tesla (TSLA) fell 2.28%.

Hewlett Packard Enterprise (HPE) slid 8.92%, while Juniper Networks (JNPR) jumped 21.81%. The Wall Street Journal reported that Hewlett Packard is concluding a $13 billion deal to acquire Juniper Networks.

Match (MTCH) rose 3.04%. According to the Wall Street Journal, hedge fund Elliott Investment Management has taken a $1 billion stake in the dating services provider.

CrowdStrike Holdings (CRWD) climbed 4.78%. The cybersecurity company was upgraded to "overweight" at Morgan Stanley.

Jetblue Airways (JBLU) sank 10.24%. The company announced that Robin Hayes is stepping down as chief executive officer due to health issues.

European stocks closed slightly lower, with the DAX 40 declining 0.17%, the CAC 40 down 0.32%, and the FTSE 100 down 0.13%.

U.S. WTI crude-oil futures gained $1.44 (+2.03%) to $72.21 a barrel.

Gold price added $2 to $2,029 an ounce.


MARKET WRAP: FOREX


The U.S. dollar regained some strength against other major currencies. The dollar index climbed to 102.51.

EUR/USD fell 20 pips to 1.0929. Eurozone data showed that the jobless rate dropped to 6.4% in November (vs 6.6% expected).

Germany's industrial production declined 0.7% on month in November (vs -0.6% expected).

USD/JPY gained 25 pips to 144.47. Japan's data showed that labor average cash earnings edged up 0.2% on year in November (vs +1.5% expected).

GBP/USD dropped 41 pips to 1.2706, and AUD/USD slid 32 pips to 0.6686.

USD/CHF climbed 44 pips to 0.8523.

USD/CAD rose 42 pips to 1.3387. Canada's building permits fell 3.9% on month in November (vs -0.3% expected).

Just minutes after the stock market closed, the U.S. Securities and Exchange Commission (SEC) tweeted that it approved spot Bitcoin exchange-traded funds (ETFs). Bitcoin then bounced to $47,900. However, a moment later, the SEC said that the previous tweet was compromised and that no ETFs had been approved. Bitcoin then retreated to $46,000.

Investors still believe that those spot Bitcoin ETFs will be approved Wednesday (January 10).

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[supertrader9]

MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Wednesday, U.S. stocks closed higher, with the Dow Jones Industrial Average rising 170 points (+0.45%) to 37,695, the S&P 500 up 26 points (+0.57%) to 4,783, and the Nasdaq 100 up 114 points (+0.69%) to 16,793.

Meanwhile, the U.S. 10-year Treasury yield held up well at 4.034%.

Investors are watching closely U.S. inflation data to be released later today, which is expected to be stable at 3.1% on year in December.

Retailing (+1.59%), software & services (+1.56%), and media (+1.32%) stock sectors gained the most, while energy (-1.01%) and food, beverage & tobacco (-0.63%) sectors traded lower.

Nvidia (NVDA) advanced a further 2.28% to another record close of $543.50.

Meta Platforms (META) gained 3.65%, Microsoft (MSFT) rose 1.86%, and Apple (AAPL) was up 0.57%.

Intuitive Surgical (ISRG) jumped 10.25%. The medical robotic system developer posted better-than-expected fourth-quarter sales figures.

Palo Alto Networks (PANW) gained 5.22%. Morgan Stanley raised its price target for the cyber-security company to $375.

Hewlett Packard Enterprise (HPE) said it has agreed to acquire Juniper Networks (JNPR) for $14 billion. HPE rose 1.80%, and JNPR was up 2.12% at close.

In Europe, both the DAX 40 and the CAC 40 were little changed, while the FTSE 100 declined 0.42%.

U.S. WTI crude-oil futures dropped $0.95 (-1.32%) to $71.29 a barrel.

Gold price retreated $6 to $2,023 an ounce.


MARKET WRAP: FOREX


The U.S. dollar index eased to 102.38.

EUR/USD rose 37 pips to 1.0968. France's industrial production grew 0.5% on month in November (vs +0.2% expected).

USD/JPY climbed 131 pips (+0.91%) to 145.78.

GBP/USD added 31 pips to 1.2736.

AUD/USD rose 16 pips (+0.24%) to 0.6698. Australia's inflation rate slowed to 4.3% on year in November (vs 4.5% expected).

This morning, Australia's data showed that trade surplus widened to A$11.44 billion in November, with exports growing 1.7% on month.

USD/CHF dropped 15 pips to 0.8507, and USD/CAD was down 13 pips to 1.3376.

As widely expected, the U.S. Securities and Exchange Commission (SEC) eventually announced approvals for spot Bitcoin exchange-traded funds (ETFs). 11 spot Bitcoin ETFs, including those of BlackRock, Fidelity and Grayscale, will start trading on Thursday (January 11).

Bitcoin climbed towards $47,000 after the SEC's announcement.


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[supertrader9]

MARKET WRAP: STOCKS, BONDS, COMMODITIES

On Thursday, U.S. stocks closed little changed amid hotter-than-expected inflation data. The Dow Jones Industrial Average added 15 points (+0.04%) to 37,711, the S&P 500 eased 3 points (-0.07%) to 4,780, while the Nasdaq 100 gained 27 points (+0.17%) to 16,820.

U.S. data showed that the inflation rate rebounded to 3.4% on year in December (vs 3.1% expected and in November). The monthly inflation rate also accelerated to 0.3% (vs 0.1% expected and in November), with the cost of shelter accounting for most of the price growth.

And the latest number of initial jobless claims fell slightly to 202,000 (vs 209,000 expected).

Meanwhile, the U.S. 10-year Treasury yield declined to 3.973%.

Telecom services (-2.74%), automobiles (-2.51%), and utilities (-2.34%) stock sectors saw the biggest losses in the trading session.

Nvidia (NVDA) gained a further 0.87% to $548.22, marking another record close.

Tesla (TSLA) slid 2.87%, the worst performance among big-tech stocks.

Netflix (NFLX) rose 2.91%. The video-streaming platform reported that the number of monthly active users for its ad-based plan exceeded 23 million.

Boeing (BA) fell 2.27% after U.S. aviation authorities initiated an official investigation into Boeing 737 MAX 9 planes due to a recent incident involving a similar jet operated by Alaska Airlines.

Spot Bitcoin exchange-traded funds (ETFs) made their debut trading while stocks related to Bitcoin and crypto-currencies performed poorly. Microstrategy (MSTR) fell 5.21%, Coinbase Global (COIN) dropped 6.70%, and Marathon Digital (MARA) sank 12.60%.

European stocks closed lower, with the DAX 40 falling 0.86%, the CAC 40 down 0.52%, and the FTSE 100 down 0.98%.

U.S. WTI crude-oil futures rebounded $1.24 (+1.74%) to $72.61 a barrel.

Gold price climbed $5 to $2,028 an ounce.


MARKET WRAP: FOREX


The U.S. dollar index was stable at 102.32. Higher-than-expected inflation figures let investors doubt if the Federal Reserve will cut interest rates soon.

EUR/USD was little changed at 1.0972.

USD/JPY dropped 47 pips to 145.26.

GBP/USD rose 25 pips to 1.2764.

AUD/USD declined 8 pips to 0.6690.

USD/CHF added 9 pips to 0.8517, and USD/CAD climbed 14 pips to 1.3392.

As spot Bitcoin ETFs started trading, Bitcoin once bounced to $49,100 before retreating to $46,400.

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[supertrader9]

MARKET WRAP: STOCKS, BONDS, COMMODITIES

On Friday, U.S. stocks closed mixed. The Dow Jones Industrial Average fell 118 points (-0.31%) to 37,592, while the S&P 500 gained 3 points (+0.08%) to 4,783, and the Nasdaq 100 edged up 12 points (+0.07%) to 16,832.

U.S. data showed that producer prices grew 1.0% on year in December (as expected).

Meanwhile, U.S. 10-year Treasury yield edged down to 3.941%.

Telecom services (+1.33%), energy (+1.26%), and software & services (+0.93%) stock sectors outperformed the market Friday, while automobiles & components (-3.43%), banks (-1.26%), and health-care equipment & services (-1.19%) sectors closed with losses.

Microsoft (MSFT) advanced 1.00% to $388.47, a record closing level. With a market capitalization of $2.89 trillion, Microsoft has overtaken Apple (AAPL) to be the most valuable public company.

Tesla (TSLA) slid 3.67% to $218.89, below its 200-day moving average. The electric-vehicle maker said Thursday it could suspend production at its Berlin factory due to a supply chain issue caused by troubles in the Red Sea.

UnitedHealth (UNH), a private health insurance provider, fell 3.37%, and Wells Fargo (WFC), one of the big-five U.S. banks, dropped 3.34%.

Delta Air Lines (DAL) tumbled 8.97% after the airline gave a disappointing 2024 earnings guidance.

Other airline stocks also lost ground, with United Airlines (UAL) sliding 10.63%, Jetblue Airways (JBLU) down 5.60%, and Southwest Airlines (LUV) down 4.26%.

U.S. markets will be closed Monday (January 15) for the Martin Luther King Jr. Day holiday.

European stocks closed higher, with the DAX 40 rising 0.95%, the CAC 40 up 1.05%, and the FTSE 100 up 0.64%.

U.S. WTI crude-oil futures gained $0.77 (+1.07%) to $72.79 a barrel. Oil prices were boosted by escalation of tensions in the Middle East, as the U.S. and the U.K. conducted air and sea strikes against targets in Yemen in retaliation for the Yemeni Houthi militia's attacks on ships in the Red Sea.

Gold price advanced $19 to $2,047 an ounce.

MARKET WRAP: FOREX

The U.S. dollar index remained stable at 102.43.

EUR/USD fell 21 pips to 1.0949.

USD/JPY dropped 42 pips to 144.86.

GBP/USD declined 14 pips to 1.2746. U.K. data showed that the gross domestic product grew 0.3% on month in November (vs +0.1% expected), and industrial production rose 0.3% (vs +0.2% expected).

AUD/USD dipped 3 pips to 0.6684.

USD/CHF added 6 pips to 0.8524, and USD/CAD climbed 12 pips to 1.3403.

Bitcoin remained subdued in the second trading session of all-new spot Bitcoin exchange-traded funds. Over the weekend, it tested support of the $42,000 level.

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[supertrader9]

MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Wednesday, the S&P 500 (up 3.95 points or 0.08% to 4,868) and the Nasdaq 100 (up 95 points or 0.55% to 17,499) continued to close at record levels. Meanwhile, the Dow Jones Industrial Average retreated 99 points (-0.26%) to 37,806.

Semiconductors & semiconductor equipment (+1.91%), media (+1.58%), and energy (+1.43%) stock sectors were the top performers, while telecom services (-2.22%), household & personal products (-1.75%), and real estate (-1.42%) sectors lagged behind.

Nvidia (NVDA) surpassed the psychologically-significant level of $600 for the first time, as it advanced 2.49% to $613.62, a fifth consecutive record close.

Microsoft (MSFT) gained 0.92% to a record close of $402.56, lifting its market value across the $3 trillion mark for the first time.

Netflix (NFLX) bounced 10.70%, as the video-streaming platform reported an addition of 13.12 million subscribers in the fourth quarter, surpassing expectations.

DuPont (DD) plunged 14.04%, and AT&T (T) lost 2.97%, as both companies gave lower-than-expected business forecasts.

In after-market hours, Tesla (TSLA) once sank past the key level of $200.00 after reporting lower-than-expected fourth-quarter earnings. The electric-vehicle added that its 2024 vehicle volume growth rate may be "notably lower" than that in 2023.

Meanwhile, IBM (IBM) jumped 5% in extended trading, as the computer hardware and software specialist gave an upbeat full-year revenue growth forecast citing wide adoption of artificial intelligence (AI).

The U.S. 10-year Treasury yield added 4 basis points to 4.140%.

The S&P Global U.S. manufacturing purchasing managers index (PMI) posted at 50.3 in January (vs 47.2 expected).

European stocks closed higher, with the DAX 40 rising 1.58%, the CAC 40 up 0.91% and the FTSE 100 up 0.56%.

U.S. WTI crude-oil rose $0.96 (+1.29%) to $75.33 a barrel. The U.S. Energy Department reported a reduction of 9.23 million barrels in the latest crude-oil stockpiles (vs -2.15 million barrels expected).

Gold price added $1 to $2,013 an ounce.



MARKET WRAP: FOREX


The U.S. dollar index eased to 103.27.

EUR/USD gained 32 pips to 1.0883. The HCOB manufacturing PMI posted at 46.6 in January (vs 45.0 expected) for the Eurozone, 45.4 (vs 44.0 expected) for Germany, and 43.2 (vs 43.0) for France.

USD/JPY dropped 86 pips to 147.50.

GBP/USD rose 36 pips to 1.2723. The S&P Global U.K. manufacturing PMI posted at 47.3 in January (vs 47.0 expected).

AUD/USD was little changed at 0.6576.

USD/CHF fell 76 pips to 0.8626.

USD/CAD rose 63 pips to 1.3523. As expected, the Bank of Canada kept its key interest rate unchanged at 5.00%.

Bitcoin showed resilience, as it tried to regain the level of $40,000.



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MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Tuesday, U.S. stocks pared most losses seen earlier in the session. The Dow Jones Industrial Average closed 141.24 points higher (+0.37%) at 38,521, the S&P 500 climbed 11 points (+0.23%) to 4,954, while the Nasdaq 100 slipped 40 points (-0.23%) to 17,572.

Several officials of the U.S. Federal Reserve echoed Fed Chair Jerome Powell's saying that the central bank is prudent in deciding when to cut interest rates.

The U.S. 10-year yield declined 7.4 basis points to 4.090%.

Materials, real estate and health care stock sectors performed the best in the trading session, while technology, communication services and financials sectors underperformed the market.

Tesla (TSLA) rebounded 2.23% to $185.10, while Nvidia (NVDA) retreated 1.60% to $682.23.

Palantir Technologies (PLTR) soared 30.80% to $21.87, as the data-mining specialist's 2024 earnings guidance surpassed expectations.

GE Healthcare Technologies (GEHC) rose 11.65%, as the medical technology firm reported better-than-expected quarterly earnings.

In after-market hours, Ford Motor (F) jumped over 6%. The automobile giant posted upbeat quarterly earnings, adding it will return more cash to shareholders.

Meanwhile, Snap Inc (SNAP) tumbled 31% as its quarterly revenue missed expectations.

European stocks closed higher, with the DAX 40 rising 0.76%, the CAC 40 up 0.65%, and the FTSE 100 up 0.90%.

Much earlier on Tuesday, China's blue-chip CSI 300 Index climbed 3.48%, and Hong Kong's Hang Seng Index jumped 4.04%. Chinese stock market regulators announced further curbs on short-selling, and state investors revealed plans to expand stock-buying.

U.S. WTI crude-oil futures added $0.72 (+0.99%) to $73.50 a barrel.

Gold price rose $10 (+0.52%) to $2,035 an ounce.




MARKET WRAP: FOREX


The U.S. dollar index dipped to 104.17.

EUR/USD added 11 pips to 1.0752. The Eurozone's retail sales dropped 1.1% on month in December (vs -1.0% expected).

Germany's factory orders unexpectedly increased 8.9% on month in December (vs -0.1% expected).

USD/JPY retreated 79 pips to 147.88.

GBP/USD rose 61 pips to 1.2593. In the U.K., S&P Global construction purchasing managers index posted at 48.8 in January (vs 48.2 expected).

AUD/USD climbed 39 pips to 0.6521. The Reserve Bank of Australia kept its key interest rate unchanged at 4.35%, but said it could still hike rates.

USD/CHF dipped 9 pips to 0.8696.

USD/CAD fell 53 pips to 1.3485. In Canada, the Ivey purchasing managers index rose to 56.5 in January (vs 55.8 expected). Building permits dropped 14.0% on month in December (vs +2.5% expected).

Bitcoin advanced over 1% to $43,180.



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MARKET WRAP: STOCKS, BONDS, COMMODITIES


On Monday, U.S. stocks pared gains seen earlier in the session, but the Dow Jones Industrial Average managed closed 125 points higher (+0.33%) at 38,797, a record level.

The S&P 500 dipped 4 points (-0.09%) to 5,021, and the Nasdaq 100 fell 79 points (-0.44%) to 17,882.

Utilities, energy, and consumer staples stock sectors gained the most, while technology, real estate, and consumer discretionary sectors lagged behind.

Nvidia (NVDA) edged up 0.16% to $722.48, another record close.

Microsoft (MSFT) fell 1.26%.

Amazon.com (AMZN) was down 1.21%. Jeff Bezos, the founder of the tech giant, sold $2 billion worth of shares.

Tesla (TSLA) retreated 2.81%, halting a four-session rebound. The electric-vehicle maker slashed prices of its Model Y vehicles in the U.S.

Diamondback Energy (FANG) traded 9.38% higher. The oil and gas producer announced plans to acquire Endeavor Energy Partners, a private shale oil firm, for $26 billion.

In after-market hours, JetBlue Airways (JBLU) surged 17% after a regulatory filing revealed that activist investor Carl Icahn owns a 9.91% stake in the airline.

The U.S. 10-year Treasury yield eased 0.8 basis point to 4.179%.

European stocks closed higher, with the DAX 40 climbing 0.65%, the CAC 40 up 0.55%, and the FTSE 100 up 0.01%.

U.S. WTI crude-oil futures added $0.14 to $76.98 a barrel.

Gold price fell $4 to $2,019 an ounce.


MARKET WRAP: FOREX


The U.S. dollar index was little changed at 104.13.

EUR/USD fell 13 pips to 1.0769.

USD/JPY gained 5 pips to 149.35. This morning, Japan's data showed that producer prices rose 0.2% on year in January (vs +0.1% expected).

GBP/USD dipped 1 pip to 1.2625.

AUD/USD rose 6 pips to 0.6529. In Australia, the Westpac consumer confidence index rose to 86.0 in February (vs 80.4 expected).

The National Australia Bank (NAB) business confidence index rose to 1 in January (vs 1 expected).

USD/CHF increased 10 pips to 0.8755, while USD/CAD was down 6 pips to 1.3452.

Bitcoin continued to show upward momentum, surpassing the psychologically-significant level of $50,000 for the first time since December 2021.

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MARKET WRAP: STOCKS, BONDS, COMMODITIES



On Monday, U.S. markets were closed for the Presidents' Day holiday.

Last Friday, U.S. stocks retreated after gaining for two sessions. The Dow Jones Industrial Average fell 145 points (-0.37%) to 38,627, the S&P 500 dropped 24 points (-0.48%) to 5,005, and the Nasdaq 100 was down 159 points (-0.90%) to 17,685.

This morning (Tuesday), U.S. stock index futures traded slightly higher.

European closed mixed Monday. The DAX 40 declined 0.15%, while the CAC 40 was relatively flat, and the FTSE 100 closed 0.22% higher.

Meanwhile, Goldman Sachs upgraded its rating on global equities to "overweight" citing economic growth and manufacturing-activity recovery.

Brent crude-oil futures added $0.09 to $83.56 a barrel, and U.S. WTI crude-oil futures were up $0.10 to $79.29 a barrel.

Gold price gained $3 to $2,016 an ounce.




MARKET WRAP: FOREX



The U.S. dollar index dipped to 104.24. The index had been rallying for five straight weeks.

EUR/USD added 6 pips to 1.0780.

USD/JPY eased 8 pips to 150.13.

GBP/USD remained steady at 1.2599.

AUD/USD gained 9 pips to 0.6540.

USD/CHF rose 14 pips to 0.8819, and USD/CAD was up 4 pips to 1.3488.

Bitcoin kept trading within a narrow range around $52,000.



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