The Economic Times News Service reported on the 6th that U.S. stocks rose on Monday (5th), with all three major indexes climbing higher. The Nasdaq surged over 1%, reaching new intraday and closing highs, while the S&P also approached its historic peak. Market sentiment was lifted by expectations of corporate mergers and acquisitions and continued strong investor appetite for artificial intelligence-related technology stocks.
U.S. Treasury yields remained at multi-year highs, while elevated oil prices and inflationary pressures limited market gains. The Dow Jones closed up 90.94 points, or 0.18%, at 51,267.9; the S&P rose 51.23 points, or 0.66%, to 7,773.95; the Nasdaq gained 286.45 points, or 1.05%, closing at 27,477.31, peaking intraday at 27,544.07, setting new intraday and closing highs.
Technology stocks generally performed well. Nvidia (US.NVDA) rose 2.1%, hitting a new high. SpaceX (US.SPCX) surged 7.6%, Meta (US.META) gained 1.9%, Microsoft (US.MSFT) rose 1.5%, Alphabet (US.GOOGL) climbed 0.9%, Tesla (US.TSLA) advanced 2.2%; Apple (US.AAPL), however, dipped slightly by 0.2%.
*Dollar extends strength, euro under pressure*
The dollar continued its strength. The U.S. Dollar Index rose as high as 102.53, its highest level since April 2025, and closed around 102.16, up approximately 0.2%. The dollar remained strong against the yen, rising earlier to 158.29, dipping intraday to 157.44, and trading near 158, up about 0.1%. The euro was significantly pressured against the dollar, falling at one point to 1.1161, its lowest level in about 17 months since May 2025; later, losses narrowed slightly, trading around 1.12, down 0.3%.
*10-year Treasury yield briefly nears 2002 high*
On the bond front, the 10-year U.S. Treasury yield briefly rose to around 5.31%, nearing its highest level since 2002. While high interest rates continue to pressure stock valuations, strong rallies in AI and large-cap tech stocks have temporarily offset some rate concerns.
*Oil prices retreat, Brent crude down 2.1%*
In the oil market, international oil prices retreated on Monday as markets digested news of the Group of Seven (G7) releasing oil reserves. New York crude futures fell 2.2%, closing at $89.04 per barrel; Brent crude dropped 2.1%, trading around $100.02 per barrel. Markets are also monitoring the recovery of Middle East oil exports and the impact of geopolitical tensions on oil shipments through the Strait of Hormuz.
Spot gold traded in a narrow range, while New York futures edged slightly higher. Spot gold traded around $4,140 per ounce, nearly unchanged; New York futures also held around $4,166, up 0.1%. (yc)
U.S. Treasury yields remained at multi-year highs, while elevated oil prices and inflationary pressures limited market gains. The Dow Jones closed up 90.94 points, or 0.18%, at 51,267.9; the S&P rose 51.23 points, or 0.66%, to 7,773.95; the Nasdaq gained 286.45 points, or 1.05%, closing at 27,477.31, peaking intraday at 27,544.07, setting new intraday and closing highs.
Technology stocks generally performed well. Nvidia (US.NVDA) rose 2.1%, hitting a new high. SpaceX (US.SPCX) surged 7.6%, Meta (US.META) gained 1.9%, Microsoft (US.MSFT) rose 1.5%, Alphabet (US.GOOGL) climbed 0.9%, Tesla (US.TSLA) advanced 2.2%; Apple (US.AAPL), however, dipped slightly by 0.2%.
*Dollar extends strength, euro under pressure*
The dollar continued its strength. The U.S. Dollar Index rose as high as 102.53, its highest level since April 2025, and closed around 102.16, up approximately 0.2%. The dollar remained strong against the yen, rising earlier to 158.29, dipping intraday to 157.44, and trading near 158, up about 0.1%. The euro was significantly pressured against the dollar, falling at one point to 1.1161, its lowest level in about 17 months since May 2025; later, losses narrowed slightly, trading around 1.12, down 0.3%.
*10-year Treasury yield briefly nears 2002 high*
On the bond front, the 10-year U.S. Treasury yield briefly rose to around 5.31%, nearing its highest level since 2002. While high interest rates continue to pressure stock valuations, strong rallies in AI and large-cap tech stocks have temporarily offset some rate concerns.
*Oil prices retreat, Brent crude down 2.1%*
In the oil market, international oil prices retreated on Monday as markets digested news of the Group of Seven (G7) releasing oil reserves. New York crude futures fell 2.2%, closing at $89.04 per barrel; Brent crude dropped 2.1%, trading around $100.02 per barrel. Markets are also monitoring the recovery of Middle East oil exports and the impact of geopolitical tensions on oil shipments through the Strait of Hormuz.
Spot gold traded in a narrow range, while New York futures edged slightly higher. Spot gold traded around $4,140 per ounce, nearly unchanged; New York futures also held around $4,166, up 0.1%. (yc)
