Source: Wall Street Journal.
The Nasdaq, chip index, and NVIDIA stopped a four-day rally, Tesla turned from a more than 4% intraday drop to a gain, and Apple reached five consecutive days of gains; after the earnings report, NXP Semiconductors once dropped over 8% after hours. U.S. Treasury yields hit a fresh two-week low. The USD retreated, and the yen rebounded over 1%; Bitcoin rose over $2,000 during trading before turning to decline. Gold rebounded, with futures rising nearly 2% at one point. Crude Oil Product turned to a drop of over 2% during trading, with U.S. oil closing at a new two-week low.
This week, the earnings season for technology stocks and U.S. employment data are incoming. Stocks like NVIDIA and other chip companies have fallen, putting pressure on the U.S. stock market, with the three major U.S. indices experiencing a decline during the session. Several China Concept Stocks, led by NIO, have rebounded strongly, outperforming the market. China has once again denied discussions with the USA regarding tariff issues, casting a shadow over trade prospects, while Gold rebounded and international crude oil prices fell.
As investor risk sentiment fades, technology stocks weigh on the market, with the S&P 500 making a narrow rise:
In the early U.S. stock market, ahead of heavyweight companies announcing their quarterly earnings, investors reduced their investments in technology stocks, causing the U.S. market indices to fluctuate downward. After noon, prices for seven tech giants saw declines, with NVIDIA and Tesla experiencing the biggest drops.
In the late U.S. market, buyers emerged on dips, leading to a market rebound, allowing the S&P 500 Index to recover a 1% drop. Small-cap stocks performed better than the large-cap market that day, while the Nasdaq Index underperformed. Among China Concept Stocks, NIO rose over 7%, after Citigroup added the company’s stock to its 30-day 'Catalyst Watch' list.
In post-market trading, NXP Semiconductors' stock price fell due to concerns over the impact of tariffs and the CEO's impending departure, with NXP dropping over 7% post-market.
The three major U.S. stock indices:
The S&P 500 Index closed up 3.54 points, an increase of 0.06%, at 5528.75 points.
The Dow Jones Industrial Average closed up 114.09 points, an increase of 0.28%, at 40227.59 points.
The Nasdaq closed down 16.81 points, a decrease of 0.10%, at 17366.13 points. The NASDAQ 100 Index closed down 5.27 points, a decrease of 0.03%, at 19427.29 points.
The E-mini Russell 2000 Index closed up 0.41%, at 1965.55 points.
The Panic Index VIX closed up 1.25%, at 25.15.
U.S. stock Industry ETFs:
The Biotechnology Index ETF increased by 1.14%, the Global Aviation Industry ETF rose by 0.97%, the Energy Sector ETF gained 0.7%, the Regional Banks ETF climbed by 0.59%, the Hwabao WP CSI Banks ETF rose by 0.54%, and both the Global Technology Stocks Index ETF and the GF CSI All-Share Index Consumer Discretionary ETF increased by less than 0.1%.
The Internet Stocks Index ETF closed down 0.1%, the Technology Sector ETF fell 0.16%, and the Semiconductors ETF decreased by 0.62%.
Chip stocks:
The PHLX Semiconductor Index closed down 0.38% at 4235.62 points.
The performance of AI concept stocks is mixed:
Applovin closed up 6.15%, while Tempus AI rose 1.64%.
China Concept Stocks:
The NASDAQ Gold Dragon China Index closed up 0.68% at 7001.39 points, approaching the closing level of 7550.00 points on April 3.
Among popular China concept stocks, Pony.ai rose 47%, NIO rose 7%, Li Auto rose 3.6%, YUM CHINA rose 2.6%, while Xiaomi ADR, Tencent ADR, Baidu, Xpeng, PDD Holdings, and NetEase fell by up to 0.7%, and Alibaba fell by 1.6%.
Other key individual stocks include:
Berkshire Hathaway Class B stock under Warren Buffett rose by 0.92%.
Procter & Gamble fell by 3.75%. In Pre-Market Trading, Procter & Gamble significantly lowered its full-year sales and profit forecasts and reported a greater than expected decline in net sales for the third quarter.
The European STOXX 600 Index rose by over 0.5%, marking a five-day winning streak, with Eurozone blue chips Airbus and Kering rising over 2%. The German stock index increased by more than 0.1% for five consecutive days, while the Italian bank index rose by over 1.2%.
Pan-European European Stocks:
The European STOXX 600 Index closed up 0.53%, at 523.19 points.
The Eurozone STOXX 50 Index closed up 0.32%, at 5170.49 points.
Stock indices in various countries rose:
The German DAX 30 Index closed up 0.13%, rising for the fifth consecutive trading day, at 22271.67 points.
The France CAC 40 Index closed up 0.50%, at 7573.76 points.
The UK FTSE100 Index closed up 0.02%, at 8417.34 points.
Sectors and individual stocks:
Among the blue chips in the Eurozone, Airbus rose 2.65%, Kering Group increased by 2.29%, and Banco Santander of Spain went up 1.85%.
In terms of sectors, the STOXX 600 Medical Care Index increased by 1.28%, the Banking Index rose by 0.92%, the Personal and Household Products Index went up by 0.89%, the Food and Beverage Index and the Construction and Materials Index both rose by 0.76%, the Travel and Leisure Index increased by 0.62%, and the Utilities Index went up by 0.60%.
Today, government bond prices rose across the board, with short-term bonds performing exceptionally well. The medium to long-term German bond yields increased by more than 5 basis points, and the sovereign bond yields of the Eurozone countries of France, Italy, Spain, and Greece at least rose by more than 4 basis points.
US Treasury:
In the New York close, the U.S. 10-Year Treasury Notes Yield fell by 2.13 basis points, at 4.2140%, with an intraday trading range of 4.2952%-4.2044%.
The two-year U.S. Treasury yield fell by 6.54 basis points to 3.6846%, with an intraday trading range of 3.7807%-3.6764%.
European bonds:
At the end of the European market, the German 10-Year Treasury Notes Yield rose by 5.2 basis points to 2.521%, trading within a range of 2.467%-4.525% during the day.
At the end of the European market, the UK 10-Year Treasury Notes Yield rose by 2.9 basis points to 4.508%, briefly reaching a daily high of 4.529%.
At the end of the European market, the sovereign debt yields of the Eurozone's Italy, France, Spain, and Greece rose by at least 4 basis points, with the Spain 10-Year Treasury Notes Yield increasing by 5.0 basis points to 3.173%.
U.S. crude oil futures closed down about 1%, while New York natural gas rose by more than 7.9%.
Crude Oil:
WTI June crude oil futures closed down $0.97, a decline of nearly 1.54%, settling at $62.05 per barrel.
Brent June crude oil futures closed down by $1.01, a decline of 1.51%, settling at $65.86 per barrel.
Natural Gas:
NYMEX May natural gas futures rose by over 7.93%, closing at $3.170 per million British thermal units.
Gold:
In New York's late trading, spot gold rose by 0.81%, priced at $3346.65 per ounce.
COMEX gold futures increased by 1.83%, settling at $3358.90 per ounce, mainly trading around $3300 throughout most of the day, showing a U-shaped trend overall.
Silver:
In New York's late trading, spot silver rose by 0.15%, priced at $33.16 per ounce.
COMEX Silver Futures rose by 0.21%, priced at $33.080 per ounce.
Other Metals:
At the end of trading in New York, COMEX Copper Futures increased by 0.37%, priced at $4.8545 per pound.
LME Copper Futures closed up $4, priced at $9,378 per ton. LME Aluminum Futures closed up $6, priced at $2,434 per ton. LME Zinc Futures closed down $13, priced at $2,634 per ton.
LME Nickel Futures closed up $70, priced at $15,615 per ton. LME Tin Futures closed up $41, priced at $32,021 per ton.
Editor/jayden
