{Economic Information Daily, 13th} U.S. stocks showed mixed performance on Monday (12th), with the Dow closing up 195 points while the S&P 500 and Nasdaq declined. Large-cap tech stocks were divided, with Meta (US.META) and Apple (US.AAPL) performing well, while Nvidia (US.NVDA) and Tesla (US.TSLA) weakened. Markets are also monitoring Middle East tensions pushing up energy prices, as well as upcoming U.S. inflation data and major bank earnings this week.
The Dow closed up 195.6 points, or 0.38%, at 51,850.55; the S&P 500 edged down 4.3 points, or 0.06%, to 7,807.24; the Nasdaq dropped 120.27 points, or 0.44%, to 27,245.9.
Among large tech stocks, Meta rose 3.4%, Apple gained 1.3%, Microsoft (US.MSFT) announced plans to widely deploy its own artificial intelligence chips, rising 1.1% during the day, and Google (US.GOOG) advanced 0.3%. Nvidia fell 1.3%, Tesla declined 1.2%, and Amazon (US.AMZN) dropped 1.1%. SpaceX (US.SPCX) rose 0.5%.
Tech and semiconductor stocks were under pressure, with Micron (US.MU) down 3.9%, SK Hynix (US.SKHY) plunging 4%, and SanDisk (US.SNDK) also falling nearly 6%, offsetting gains in other sectors.
Geopolitical tensions in the Middle East intensified, coupled with market concerns over energy supply, supporting higher oil prices. Brent crude futures rose as much as 1.4% to $106.21 per barrel, currently at $105.92. New York crude futures rose as much as 1.6% to $93.31 per barrel, now at $93.16.
*Yen remains weak*
In the currency market, the U.S. Dollar Index rose 0.3% to 102.58, hitting an 18-month high. The dollar strengthened against the yen, with the yen continuing to weaken. The dollar-yen pair reached a two-and-a-half-week high during the session, currently at 158.52, up about 0.06%. The euro weakened against the dollar, down 0.4% to 1.1156 dollars, and has now declined for five consecutive weeks.
Markets are awaiting this week's U.S. inflation data to assess the Federal Reserve's future interest rate policy. Due to the Columbus Day holiday in the U.S., the local bond market was closed on Monday.
On precious metals, spot gold rose earlier to its highest since October 2, then gave up gains. Spot gold is at $4,165 per ounce, down 0.6%; New York gold futures also fell 0.6%, at $4,188 per ounce. (yc)
The Dow closed up 195.6 points, or 0.38%, at 51,850.55; the S&P 500 edged down 4.3 points, or 0.06%, to 7,807.24; the Nasdaq dropped 120.27 points, or 0.44%, to 27,245.9.
Among large tech stocks, Meta rose 3.4%, Apple gained 1.3%, Microsoft (US.MSFT) announced plans to widely deploy its own artificial intelligence chips, rising 1.1% during the day, and Google (US.GOOG) advanced 0.3%. Nvidia fell 1.3%, Tesla declined 1.2%, and Amazon (US.AMZN) dropped 1.1%. SpaceX (US.SPCX) rose 0.5%.
Tech and semiconductor stocks were under pressure, with Micron (US.MU) down 3.9%, SK Hynix (US.SKHY) plunging 4%, and SanDisk (US.SNDK) also falling nearly 6%, offsetting gains in other sectors.
Geopolitical tensions in the Middle East intensified, coupled with market concerns over energy supply, supporting higher oil prices. Brent crude futures rose as much as 1.4% to $106.21 per barrel, currently at $105.92. New York crude futures rose as much as 1.6% to $93.31 per barrel, now at $93.16.
*Yen remains weak*
In the currency market, the U.S. Dollar Index rose 0.3% to 102.58, hitting an 18-month high. The dollar strengthened against the yen, with the yen continuing to weaken. The dollar-yen pair reached a two-and-a-half-week high during the session, currently at 158.52, up about 0.06%. The euro weakened against the dollar, down 0.4% to 1.1156 dollars, and has now declined for five consecutive weeks.
Markets are awaiting this week's U.S. inflation data to assess the Federal Reserve's future interest rate policy. Due to the Columbus Day holiday in the U.S., the local bond market was closed on Monday.
On precious metals, spot gold rose earlier to its highest since October 2, then gave up gains. Spot gold is at $4,165 per ounce, down 0.6%; New York gold futures also fell 0.6%, at $4,188 per ounce. (yc)
