On Friday, U.S. stocks closed mixed. The Dow Jones Industrial Average was down for a second session easing 62 points (-0.23%) to 26671. The S&P 500 added 9 points (+0.28%) to 3224, and the Nasdaq 100 was up 18 points (+0.18%) to 10645.
Dow Jones Industrial Average Index: Daily Chart
Source: GAIN Capital, TradingView
Utilities (+2.28%), Health Care Equipment & Services (+1.81%) and Real Estate (+1.4%) sectors performed the best, while Banks (-2.32%), Energy (-1.52%) and Automobiles & Components (-1.02%) sectors were laggards. BlackRock (BLK +3.66%) jumped on better-than-expected earnings and assets under management. Netflix (NFLX -6.52%) fell on downbeat results.
On the technical side, about 52.2% (52.0% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average, and 80.4% (82.8% in the prior session) were trading above their 20-day moving average.
U.S. official data showed that Housing Starts rose to an annualized rate of 1.186 million units in June (1.190 million units expected). The University of Michigan's Consumer Sentiment Index (preliminary reading) unexpectedly fell to 73.2 in July (79.0 expected).
Meanwhile, the coronavirus pandemic keeps exploding across the world. The number of confirmed virus deaths has exceeded 600,000 globally, and topped 140,000 in the U.S.
European stocks also ended mixed. The Stoxx Europe 600 Index added 0.16%. Germany's DAX 30 gained 0.35%, the U.K.'s FTSE 100 rose 0.63%, while France's CAC 40 was down 0.31%.
The benchmark U.S. 10-year Treasury yield sank climbed to 0.628% from 0.614% Thursday.
Spot gold price rebounded $12.00 (+0.7%) to $1,810 an ounce.
U.S. WTI crude oil futures (August) slipped 0.4% to $40.59 a barrel.
On the forex front, the U.S. dollar weakened against its major peers, with the ICE Dollar Index dropping 0.3% on day to 96.01.
EUR/USD climbed 0.4% to 1.1428. It is reported that the European Union leaders were yet to agree on the size of a stimulus package, where oppositions led by Dutch Prime Minister Mark Rutte demanded a substantially less figure.
GBP/USD gained 0.1% to 1.2567.
USD/JPY fell 0.3% to 107.00. This morning, government data showed that Japan's exports plunged 26.2% on year in June (-24.7% expected) and imports slid 14.4% (-17.6% expected).
Disclaimer: The information on this web site is not targeted at the general public of any particular country. It is not intended for distribution to residents in any country where such distribution or use would contravene any local law or regulatory requirement. The information and opinions in this report are for general information use only and are not intended as an offer or solicitation with respect to the purchase or sale of any currency or CFD contract. All opinions and information contained in this report are subject to change without notice. This report has been prepared without regard to the specific investment objectives, financial situation and needs of any particular recipient. Any references to historical price movements or levels is informational based on our analysis and we do not represent or warranty that any such movements or levels are likely to reoccur in the future. While the information contained herein was obtained from sources believed to be reliable, author does not guarantee its accuracy or completeness, nor does author assume any liability for any direct, indirect or consequential loss that may result from the reliance by any person upon any such information or opinions.
Futures, Options on Futures, Foreign Exchange and other leveraged products involves significant risk of loss and is not suitable for all investors. Losses can exceed your deposits. Increasing leverage increases risk. Spot Gold and Silver contracts are not subject to regulation under the U.S. Commodity Exchange Act. Contracts for Difference (CFDs) are not available for US residents. Before deciding to trade forex and commodity futures, you should carefully consider your financial objectives, level of experience and risk appetite. Any opinions, news, research, analyses, prices or other information contained herein is intended as general information about the subject matter covered and is provided with the understanding that we do not provide any investment, legal, or tax advice. You should consult with appropriate counsel or other advisors on all investment, legal, or tax matters. References to Forex.com or GAIN Capital refer to GAIN Capital Holdings Inc. and its subsidiaries. Please read Characteristics and Risks of Standardized Options.