MARKET WRAP: STOCKS, BONDS, COMMODITIES
On Thursday, the three major U.S. stock indexes closed at record levels for the second consecutive session. The S&P 500 closed 3 points higher (+0.06%) at 4,997 after touching the 5,000-point milestone for the first time ever. The Dow Jones Industrial Average advanced 48 points (+0.13%) to 38,726, and the Nasdaq 100 was up 28 points (+0.16%) to 17,783.
Consumer staples, energy, and real estate stock sectors gained the most, while utilities, financial, and health care sectors underperformed the market.
Microsoft (MSFT) edged up 6 cents to $414.11, another record closing level.
Walt Disney (DIS) surged 11.50%. The entertainment and media giant posted better-than-expected quarterly earnings, raised its dividend by 50% and announced a $3 billion stock buyback.
Arm Holdings (ARM), a chip maker, soared 47.89%, and Ralph Lauren (RL), a lifestyle-product designer, surged 16.79%, as both companies' quarterly results beat expectations.
On the other hand, PayPal (PYPL), an online payment firm, slid 11.24% after giving a downbeat full-year earnings forecast.
New York Community Bancorp (NYCB) sank 6.47%, as the bank's credit rating was cut by Morningstar.
Bitcoin- and cryptocurrency-related stocks outperformed the market as Bitcoin regained another key level of $45,000. Marathon Digital (MARA) soared 23.03%, Microstrategy (MSTR) surged 15.71%, and Coinbase Global (COIN) gained 8.59%.
The 10-year Treasury yield rose 5.4 basis points to 4.152%.
U.S. data showed that the latest number of initial jobless claims declined to 218,00 (vs 227,000 expected).
European stocks closed higher, with the DAX 40 rising 0.25%, and the CAC 40 up 0.71%, and the FTSE 100 up 0.44%.
Gold price was little changed at $2,033 an ounce.
MARKET WRAP: FOREX
The U.S. dollar index was stable at 104.13.
EUR/USD added 7 pips to 1.0778.
USD/JPY jumped 112 pips (+0.76%) to 149.30.
GBP/USD dipped 7 pips to 1.2617. In the U.K., the Royal Institute of Chartered Surveyors (RICS) house price index improved to -18% in January (vs -27% expected).
AUD/USD fell 27 pips to 0.6491.
USD/CHF dropped 7 pips to 0.8736, and USD/CAD was down 6 pips to 1.3457.
USD/CNH rose 21 pips to 7.2149. China continued to see deflation, as consumer prices dropped 0.8% on year in January (vs -0.4% expected).
Bitcoin extended its rally to a fourth session, as it jumped over 2% to $45,500.
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