The Dow barely ended its longest continuous decline in 50 years, Micron fell by 16%, the US dollar reached a two-year high again, and US bonds, oil, and Bitcoin all dropped.

U.S. stock market's other Indexes turned down towards the end, Tesla rose by nearly 4% before closing down, NVIDIA reached a high of 4%, and Micron Technology had its steepest decline in five years. The yield on the 10-year U.S. Treasury bonds briefly increased by nearly 10 basis points approaching 4.60%, close to a seven-month high, while short-term bond yields fell, with the 2/10-year yield spread at its widest in two and a half years. The Bank of England held rates steady, but more officials supported a rate cut, leading to a decline in the British Pound. The Governor of the Bank of Japan suppressed interest rate hike expectations, causing the yen to fall towards 158, and the offshore renminbi briefly dropped below 7.32 yuan to its lowest in 15 months. Bitcoin fell by 5%, approaching $0.096 million. Spot Gold rose by 1.6% before narrowing back below $2,600, while the futures silver fell by 5%, and U.S. crude oil fell below $70.

wallstreetcnDec 19, 2024 18:26 ET

SG Morning Highlights | Singapore Exchange Sees Surge in Trading Activity Amid Positive Market Factors

Moomoo News SGOct 9, 2024 21:05 ET

Technology stocks led the S&P to four consecutive gains, Oracle reached a new high after hours, the US dollar and US bonds fell, gold hit a new high, and commodities rose.

In August, the PPI in the United States showed a cooling down of inflation, and the market slightly raised its bets on the Fed's aggressive interest rate cuts. US stocks rose together, with Nvidia up nearly 2%, while NIO Inc and XPeng fell more than 5%. The European Central Bank cut interest rates for the second time this year, but maintained a restrictive policy. European bonds fell, and the euro rebounded from its four-week low. Commodities rose across the board, with US oil briefly rising by 3.7%, gold reaching a new high with a nearly 2% increase, palladium rising by over 4%, and copper experiencing its largest two-month increase.

wallstreetcnSep 12, 2024 19:04 ET

SG Morning Highlights | Mapletree Logistics Trust Set to Sell Xi'an Subsidiary for 70.5 Million Yuan

Moomoo News SGJun 12, 2024 21:06 ET

SG Morning Highlights | SIA Reaches 88% Pre-Pandemic Passenger Load as Chinese Visitors Increase

Moomoo News SGMar 21, 2024 21:09 ET

Entering the gaming industry! Netflix considers a strategic shift to reap new profits from video games

Against the backdrop of increased competition in streaming media, Netflix may use the gaming business as a new channel to increase revenue.

wallstreetcnJan 5, 2024 08:18 ET