MARKET WRAP: STOCKS, BONDS, COMMODITIES
On Tuesday, U.S. stocks closed lower, with the Dow Jones Industrial Average dropping 240 points (-0.60%) to 39,567, the S&P 500 down 10 points (-0.20%) to 5,244 and the Nasdaq 100 down 171 points (-0.94%) to 18,121.
The U.S. 10-year Treasury yield advanced a further 2.4 basis points to 4.353%.
Energy and utilities stock sectors outperformed the market, while healthcare, consumer discretionary and real estate sectors were under pressure.
Tesla (TSLA) slid 4.90% to $166.63. The electric-vehicle maker reported that deliveries dropped 8.5% to 386,810 vehicles in the first quarter, its first decline in quarterly deliveries in nearly four years.
Nio (NIO) fell 2.16%. The Chinese electric-vehicle maker was downgraded to "underweight" at Barclays.
PVH Corp (PVH) sank 22.22%. The apparel designer gave a downbeat first-quarter revenue forecast.
Meanwhile, UnitedHealth (UNH) fell 6.44%, CVS Health (CVS) dropped 7.21%, and Humana (HUM) was down 13.41%.
Regarding U.S. economic data, factory orders rose 1.4% on month in February (vs +1.3% expected).
European stocks also closed lower, with the DAX 40 falling 1.13%, the CAC 40 down 0.92%, and the FTSE 100 down 0.22%.
U.S. WTI crude-oil futures gained $1.56 (+1.86%) to $85.27 a barrel. Oil prices were buoyed by news that a Ukrainian drone struck Russia's oil refinery in the Tatarstan region.
Gold price jumped $28 (+1.27%) to an all-time high of $2,279 an ounce.
MARKET WRAP: FOREX
The U.S. dollar softened against other major currencies, with the dollar index retreating to 104.79.
EUR/USD rose 24 pips to 1.0767. Germany's inflation rate eased to 2.2% on year in March (vs 2.4% expected).
USD/JPY dipped 6 pips to 151.57.
GBP/USD gained 25 pips to 1.2575.
AUD/USD added 28 pips to 0.6516.
USD/CHF climbed 38 pips to 0.9079, while USD/CAD dipped 4 pips to 1.3565.
Bitcoin encountered a sell-off, crushing over 7% or $5,000 down to $64,521 before climbing back to $65,460.
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On Tuesday, U.S. stocks closed lower, with the Dow Jones Industrial Average dropping 240 points (-0.60%) to 39,567, the S&P 500 down 10 points (-0.20%) to 5,244 and the Nasdaq 100 down 171 points (-0.94%) to 18,121.
The U.S. 10-year Treasury yield advanced a further 2.4 basis points to 4.353%.
Energy and utilities stock sectors outperformed the market, while healthcare, consumer discretionary and real estate sectors were under pressure.
Tesla (TSLA) slid 4.90% to $166.63. The electric-vehicle maker reported that deliveries dropped 8.5% to 386,810 vehicles in the first quarter, its first decline in quarterly deliveries in nearly four years.
Nio (NIO) fell 2.16%. The Chinese electric-vehicle maker was downgraded to "underweight" at Barclays.
PVH Corp (PVH) sank 22.22%. The apparel designer gave a downbeat first-quarter revenue forecast.
Meanwhile, UnitedHealth (UNH) fell 6.44%, CVS Health (CVS) dropped 7.21%, and Humana (HUM) was down 13.41%.
Regarding U.S. economic data, factory orders rose 1.4% on month in February (vs +1.3% expected).
European stocks also closed lower, with the DAX 40 falling 1.13%, the CAC 40 down 0.92%, and the FTSE 100 down 0.22%.
U.S. WTI crude-oil futures gained $1.56 (+1.86%) to $85.27 a barrel. Oil prices were buoyed by news that a Ukrainian drone struck Russia's oil refinery in the Tatarstan region.
Gold price jumped $28 (+1.27%) to an all-time high of $2,279 an ounce.
MARKET WRAP: FOREX
The U.S. dollar softened against other major currencies, with the dollar index retreating to 104.79.
EUR/USD rose 24 pips to 1.0767. Germany's inflation rate eased to 2.2% on year in March (vs 2.4% expected).
USD/JPY dipped 6 pips to 151.57.
GBP/USD gained 25 pips to 1.2575.
AUD/USD added 28 pips to 0.6516.
USD/CHF climbed 38 pips to 0.9079, while USD/CAD dipped 4 pips to 1.3565.
Bitcoin encountered a sell-off, crushing over 7% or $5,000 down to $64,521 before climbing back to $65,460.
Register here
https://bit.ly/3GzD19B