Market Overview
On Friday, the "Triple Witching" day, $S&P 500 Index(.SPX.US$ and $Nasdaq Composite Index(.IXIC.US$ , which had been setting new closing highs for days, initially hit new intraday highs before turning negative. The Nasdaq ended a seven-day winning streak, while $Dow Jones Industrial Average(.DJI.US$ rose for the third consecutive day to a four-week high. $NVIDIA(NVDA.US$ surged 3.8% to a new intraday high but then plunged 8% from its peak, closing down 3.5%, losing its crown as the world's most valuable company to $Microsoft(MSFT.US$ . The semiconductor index, which opened higher, also fell from its record high, with AI stock $Advanced Micro Devices(AMD.US$ initially rising 10% before turning negative.
Following US unemployment data, Treasury yields rose to daily highs. After the Swiss National Bank cut rates, the Swiss franc plummeted, falling nearly 1% at one point. Japan was added to the US forex monitoring list, causing the yen to drop below 159, hitting a seven-week low.
Commodities saw broad gains. Brent crude rebounded along with WTI, both hitting over seven-week highs. Gold rose over 1% intraday, while silver futures climbed over 4%, with both hitting two-week highs. Tin in London rose over 2%, and copper climbed for the third consecutive day, both reaching one-week highs.
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poem_view : America still has too much money. However, drug addiction is not that easy to quit, or even impossible.