Google rose by 2.72%, leading the Magnificent 7 in Technology. Steel stock Cleveland-Cliffs increased by nearly 13%, with record steel shipments in the second quarter. US Treasury yields fell across the board, with the 10-year yield dropping by more than 3 basis points. The dollar declined to near last week's low. The yen increased by more than 1% compared to last Friday's close. Precious metals rose broadly, with Gold increasing by nearly 1.5%. Silver rose by more than 2%.
Investors are waiting for earnings reports from companies like Google and Tesla this week, and the ongoing impact of tariffs on the market leads to the Nasdaq and S&P 500 Index reaching new highs during the day on Monday, but closing with significant losses compared to the daily high. U.S. Treasuries strengthened across the board, while the dollar weakened, dropping near last week's lows. At the same time, the bearish outlook in Japan has played out, leading to an appreciation of the yen. Precious metals saw a broad increase, with gold briefly returning to $3,400 and silver nearing last Monday's new high.
The performance of the U.S. stock market benchmark indices was mixed, with the S&P and Nasdaq reaching new highs, while small-cap stocks fell under selling pressure at the close.
During the Asia-Pacific session, Wall Street Watch reported that although Japan's ruling coalition lost its majority in the Senate elections, investors had already prepared for such risks, and the actual election results were relatively mild. The bearish sentiment has played out, and the yen is strengthening. The USD/JPY opened lower with a gap on Monday, but after filling the gap, it continued to fall, ultimately dropping more than 1% compared to last week's closing price.
During the U.S. market's midday session, according to Wall Street Watch, U.S. Congressman Luna sent a letter to the Department of Justice, claiming that Powell committed perjury twice and proposing criminal charges. The benchmark indices of U.S. stocks fell slightly, but the S&P 500 Index remained above 6,300 points. Tesla rose more than 2% at the open before turning negative, with Musk stating that Tesla's self-driving capabilities will experience a significant leap.
In the U.S. market's closing session, the ongoing impact of tariffs continues to affect the market, and investors remain cautious about the overall economic outlook. The benchmark indices of U.S. stocks saw widespread declines at the close, with small-cap stocks falling under selling pressure, while the S&P 500 Index's gains significantly receded, closing up just 0.14%, whereas technology stocks supported the Nasdaq, which rose 0.38%.
On Monday, the U.S. stock market showed signs of differentiation. As the key earnings report week opens, funds rotate into large tech stocks in anticipation of their performance. The S&P and Nasdaq reached new highs again, with the Nasdaq Index gaining 0.38%. The network stock index ETF rose over 0.6%, leading U.S. stock industry ETFs, while the S&P telecommunications sector rose by 1.9%. Steel stocks like Cleveland-Cliffs rose nearly 13%, setting a record for steel shipments in the second quarter.
US benchmark stock indices:
The S&P 500 Index closed up 8.81 points, an increase of 0.14%, at 6305.60 points, breaking the historical closing high of 6297.36 points set on July 17.
The Dow Jones Industrial Average closed down 19.12 points, a decrease of 0.04%, at 44323.07 points.
The Nasdaq closed up 78.52 points, an increase of 0.38%, at 20974.18 points, continuously setting new historical closing highs since July 14. The NASDAQ 100 Index closed up 114.59 points, an increase of 0.50%, at 23180.06 points, breaking the historical closing high set on July 17.
the E-mini Russell 2000 IndexClosed down 0.40%, at 2231.13 points.
The VIX index closed up 1.40, at 16.64.
US Sector ETFs:
The Internet Index ETF closed up 0.65%, the GF CSI All-Share Index Consumer Discretionary ETF rose 0.47%, the Technology Industry ETF, Global Technology Stocks Index ETF, Global Airlines ETF, and Penghua Guozheng Semiconductor Chip ETF rose about 0.1%.
The WP CSI Banks ETF, Financial Industry ETF, and Regional Banks ETF closed down by up to 0.32%, while the Energy Industry ETF fell by 1.04%.
Magnificent 7:
The index of the seven major US technology stocks (Magnificent 7) rose by 0.51%, closing at 181.07 points.
Google A increased by 2.72%, Amazon rose by 1.43%, Meta Platforms climbed by 1.23%, Apple went up by 0.62%, Microsoft remained roughly flat, Tesla fell by 0.35%, and NVIDIA dropped by 0.60%.
Chip stocks:
The PHLX Semiconductor Index closed up 0.12%, at 5739.42 points.
AMD rose by 0.01%, while Taiwan Semiconductor ADR fell by 0.64%.
Chinese Concept Stocks:
The Nasdaq Golden Dragon China Index closed down 0.28%, at 7706.81 points.
Other individual stocks:
Steel stocks Cleveland-Cliffs rose nearly 13%, with record steel shipments in the second quarter; Block's stock price soared over 7%, as the company is about to be included in the S&P 500 Index, solidifying its position in the fintech sector; online real estate company Opendoor surged 42%.
The Eurozone blue-chip index closed down 0.3%, with components Hermes, ASML Holding, RHM, and others falling over 1%. The UK stock index rose over 0.2%, along with JUNGONGETF, reaching a historic closing high, while the Danish stock index fell over 0.8%.
Pan-European European Stocks:
The European STOXX 600 Index closed down 0.08%, at 546.58 points.
The Eurozone STOXX 50 Index closed down 0.30%, at 5342.98 points.
Stock indices from various countries:
The German DAX 30 Index increased by 0.08%, closing at 24,307.80 points.
The French CAC 40 Index decreased by 0.31%, closing at 7,798.22 points.
The UK's FTSE 100 Index rose by 0.23%, closing at 9,012.99 points, surpassing the historical closing high of 8,998.06 points set on July 14.
Sectors and individual stocks:
Among the blue chips in the Eurozone, Italy's national electricity company ENEL fell by 2.63%, Hermès and ASML Holding dropped by 1.61% and 1.48% respectively, and Germany's Rheinmetall RHM declined by 1.12%, the sixth largest decline.
Among all the constituents of the European STOXX 600 Index, GKN Group fell by 5.80%, defense stock Saab AB fell by 5.56%, Bridgepoint Group fell by 4.69%, and renewable energy company Vestas Wind Systems fell by 4.27%.
U.S. Treasury prices rose for four consecutive days, as Trump's tariff threats prompted investors to seek safe havens. The yield on 10-year French bonds fell by about 11 basis points, with investors focusing on trade negotiations between Europe and the United States.
U.S. Treasuries:
In New York's late trading, the yield on the U.S. 10-year Treasury bonds fell by 4.57 basis points to 4.3698%, with an intraday trading range of 4.4215% - 4.3499%.
The yield on the two-year U.S. Treasury bonds fell by 1.89 basis points to 3.8502%.
European Bonds:
In the European market's late trading, the yield on Germany's 10-Year Treasury Notes fell by 8.2 basis points to 2.613%. The yield on the 2-Year German bond dropped by 4.6 basis points to 1.824%, trading within a range of 1.846%-1.823% during the day.
The yield on the UK's 10-Year Treasury Notes decreased by 7.1 basis points to 4.603%.
The yield on France's 10-Year Treasury Notes fell by 10.7 basis points to 3.293%.
The dollar fell by 0.6%, dropping to around last week's low. The yen strengthened, rising more than 1% compared to last Friday's close, approaching 147. The offshore RMBImplied Volatilityhit a one-year low.
Dollar:
In late New York trading, the ICE Dollar Index fell by 0.64% to 97.857 points, consistently oscillating downwards throughout the day, with an overall trading range of 98.508-97.700 points.
The Bloomberg Dollar Index decreased by 0.51% to 1200.20 points, with a trading range of 1206.54-1198.80 points during the day.
Non-USD currencies:
In New York's late trading, the Euro rose 0.60% against the USD, the British Pound rose 0.57% against the USD, and the USD fell 0.44% against the Swiss Franc.
Among commodity currencies, the Australian Dollar rose 0.24% against the USD, the New Zealand Dollar rose 0.10% against the USD, and the USD fell 0.31% against the Canadian Dollar.
Japanese Yen:
In New York's late trading, the USD fell 0.96% against the Japanese Yen, with a quote of 147.38 Yen, and the overall trading range was 148.66-147.08 Yen.
The Euro fell 0.38% against the Japanese Yen, and the British Pound fell 0.41% against the Japanese Yen.
Offshore Renminbi:
In New York's late trading, the USD against the offshore Chinese Yuan was at 7.1710 Yuan, an increase of 103 points compared to last Friday's close in New York, with an intraday trading range of 7.1836-7.1694 Yuan.
The one-month implied volatility of USD/CNH has fallen for the third consecutive day, standing at 3.06%.
Cryptos:
In late trading in New York, the CME-Bitcoin Futures BTC main contract fell by 0.48% compared to last Friday's close in New York, at $0.117 million.
CME-Ethereum Futures DCR main contract rose by 5.66%, reporting $3758.50, and by 22:46 Beijing time increased to $3865.50, setting a new daily high.
U.S. Crude Oil Futures closed down by 0.2%, while New York Natural Gas closed down by over 6.7%.
Crude Oil Product:
WTI August Crude Oil Futures closed down $0.14, a decrease of nearly 0.21%, reporting $67.20 per barrel; the more active September contract is currently down $0.09, reporting $65.99 per barrel at 02:44 Beijing time.
Brent September Crude Oil Futures closed down by $0.07, a decline of 0.10%, settling at $69.21 per barrel.
Natural Gas:
NYMEX August Natural Gas Futures closed down over 6.73%, settling at $3.3250 per million British thermal units.
As the US dollar weakened, precious metals rose broadly. New York gold futures increased by about 1.6%, regaining the $3,400 level, and the Philadelphia Gold and Silver Index rose by 3.5%. Silver increased by over 2%, approaching the new high set last Monday.
Gold:
In New York's late trading, spot gold rose by 1.42%, settling at $3,397.48 per ounce, continuing its upward fluctuations throughout the day, with an overall trading range of $3,345.07 to $3,401.60.
COMEX Gold Futures rose by 1.57%, priced at 3,411.20 USD/ounce, with a trading range of 3,351.00-3,416.90 USD, continuing to fluctuate at a high level in a narrow range after 22:00 Beijing time.
Silver:
In New York's late trading, Spot Silver rose by 1.94%, priced at 38.9163 USD/ounce.
COMEX Silver Futures rose by 1.99%, priced at 39.230 USD/ounce.
Other metals:
In New York's late trading, COMEX Copper Futures rose by 0.62%, priced at 5.6390 USD/pound.
Spot Platinum rose by 1.46%, reported at 1450.20 USD/ounce; Spot Palladium rose by 1.42%, reported at 1261.86 USD/ounce.
Editor/jayden
