The Economic Information Daily reported on the 12th that US stocks rebounded last Friday (9th), with technology stocks stabilizing and driving all three major indices upward, recording weekly gains. The Middle East situation changed drastically over the weekend, causing international oil prices to rise.
On last Friday, the Dow Jones closed up 423.31 points, or 0.83%, at 51654.95 points; the S&P 500 rose 46.18 points, or 0.59%, to 7811.54 points; the Nasdaq rose 172.83 points, or 0.64%, to 27366.17 points.
For the week, the Dow Jones accumulated a rise of 0.9%, the S&P 500 rose 1.2%, and the Nasdaq rose 0.6%.
Saudi Arabia's capital Riyadh airport was hit by consecutive attacks from Yemen's Houthi militants on Saturday and Sunday (10th and 11th), resulting in at least 13 deaths and over 300 injuries.
On the other hand, Washington and Moscow reached an arrangement allowing Russia to export diesel. US President Trump said on Sunday that Russia and Ukraine agreed to immediately implement an "energy ceasefire", and he urged Ukraine to stop attacking Russian refineries, implying that Ukraine needs a new leader capable of reaching an agreement with Russian President Putin.
Brent crude futures once surged past $105 per barrel, currently at $104. New York futures rose to above $92 per barrel, currently at $91.19.
Gold prices fell, spot gold down 0.04%, currently at about $4192 per ounce; New York futures gold down 0.07%, currently at about $4218 per ounce.
*SpaceX expansion in mobile communications business draws attention*
SpaceX (US.SPCX)'s expansion into the mobile communications business has also become a market focus. SpaceX agreed to acquire low-frequency radio spectrum licenses held by Grain Management for about $8 billion, pending approval from the US Federal Communications Commission. The company plans to combine terrestrial communication infrastructure with satellite networks to expand its Starlink Mobile service. SpaceX's stock price rose 1.3%.
Market concerns that SpaceX may intensify competition in the US mobile communications market in the future pressured telecom stocks, with AT&T (US.T) dropping 9.8%, Verizon (US.VZ) falling 8.8%, and T-Mobile (US.TMUS) plunging 13.3%.
In terms of individual stocks, cybersecurity and software stocks performed better. Palo Alto Networks (US.PANW) rose over 5%, CrowdStrike (US.CRWD) rose 4.6%, Palantir (US.PLTR) rose 5.2%.
Large technology stocks moved individually. Tesla (US.TSLA) rose 2.1%, Nvidia (US.NVDA) fell 0.5%, Meta (US.META) fell 0.3%, Apple (US.AAPL) fell 1.1%, Microsoft (US.MSFT) rose 2.4%, Google (US.GOOG) rose 0.9%, Amazon (US.AMZN) rose 3.3%.
In the foreign exchange market, the US dollar index rose 0.1% to 102.21, poised for a fourth consecutive weekly gain. The US dollar against the yen recovered, rising to around 158.23, up about 0.28%. The euro against the US dollar remained under pressure, trading at 1.12, down about 0.1%. (yc)
On last Friday, the Dow Jones closed up 423.31 points, or 0.83%, at 51654.95 points; the S&P 500 rose 46.18 points, or 0.59%, to 7811.54 points; the Nasdaq rose 172.83 points, or 0.64%, to 27366.17 points.
For the week, the Dow Jones accumulated a rise of 0.9%, the S&P 500 rose 1.2%, and the Nasdaq rose 0.6%.
Saudi Arabia's capital Riyadh airport was hit by consecutive attacks from Yemen's Houthi militants on Saturday and Sunday (10th and 11th), resulting in at least 13 deaths and over 300 injuries.
On the other hand, Washington and Moscow reached an arrangement allowing Russia to export diesel. US President Trump said on Sunday that Russia and Ukraine agreed to immediately implement an "energy ceasefire", and he urged Ukraine to stop attacking Russian refineries, implying that Ukraine needs a new leader capable of reaching an agreement with Russian President Putin.
Brent crude futures once surged past $105 per barrel, currently at $104. New York futures rose to above $92 per barrel, currently at $91.19.
Gold prices fell, spot gold down 0.04%, currently at about $4192 per ounce; New York futures gold down 0.07%, currently at about $4218 per ounce.
*SpaceX expansion in mobile communications business draws attention*
SpaceX (US.SPCX)'s expansion into the mobile communications business has also become a market focus. SpaceX agreed to acquire low-frequency radio spectrum licenses held by Grain Management for about $8 billion, pending approval from the US Federal Communications Commission. The company plans to combine terrestrial communication infrastructure with satellite networks to expand its Starlink Mobile service. SpaceX's stock price rose 1.3%.
Market concerns that SpaceX may intensify competition in the US mobile communications market in the future pressured telecom stocks, with AT&T (US.T) dropping 9.8%, Verizon (US.VZ) falling 8.8%, and T-Mobile (US.TMUS) plunging 13.3%.
In terms of individual stocks, cybersecurity and software stocks performed better. Palo Alto Networks (US.PANW) rose over 5%, CrowdStrike (US.CRWD) rose 4.6%, Palantir (US.PLTR) rose 5.2%.
Large technology stocks moved individually. Tesla (US.TSLA) rose 2.1%, Nvidia (US.NVDA) fell 0.5%, Meta (US.META) fell 0.3%, Apple (US.AAPL) fell 1.1%, Microsoft (US.MSFT) rose 2.4%, Google (US.GOOG) rose 0.9%, Amazon (US.AMZN) rose 3.3%.
In the foreign exchange market, the US dollar index rose 0.1% to 102.21, poised for a fourth consecutive weekly gain. The US dollar against the yen recovered, rising to around 158.23, up about 0.28%. The euro against the US dollar remained under pressure, trading at 1.12, down about 0.1%. (yc)
