Market Overview

U.S. ADP employment data fuels rate cut hopes, S&P 500 and Nasdaq hit new highs, with $S&P 500 Index (.SPX.US)$ reaching its 25th high of the year and $Nasdaq Composite Index (.IXIC.US)$ up 2%.

Tech stocks soar. $NVIDIA (NVDA.US)$'s market cap surpasses $3 trillion, rising over 5%, and hitting a new high. $Apple (AAPL.US)$ gains for eight consecutive days. $ASML Holding (ASML.US)$ ’s stock jumps over 8%, surpassing $LVMH Moet Hennessy Louis Vuitton (LVMHF.US)$ in market cap to become the second-largest listed company in Europe.

10-year U.S. Treasury yield hits a two-month low. The dollar rebounds from a nearly two-month low, and the yen falls by 1%.

Oil prices rise for the first time in six days, moving away from a four-month low. Silver increases nearly 2%, surpassing $30.