Asia Morning: U.S. Stocks Advance Further, Led by Tech Shares.

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On Tuesday, U.S. stocks closed higher thanks to a strong rally in the final moment of the trading session. The Nasdaq 100 was up 195 points (+1.96%) to 10156...

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On Tuesday, U.S. stocks closed higher thanks to a strong rally in the final moment of the trading session. The Dow Jones Industrial Average rose 217 points (+0.85%) to 25812, the S&P 500 gained 47 points (+1.54%) to 3100, and the Nasdaq 100 was up 195 points (+1.96%) to 10156.


Dow Jones Industrial Average: Daily Chart


Source: GAIN Capital, TradingView


Semiconductors & Semiconductor Equipment (+2.89%), Commercial & Professional Services (+2.34%) and Energy (+2.2%) sectors were market leaders. Citizens Financial Group (CFG +7.27%), Hologic (HOLX +6.88%) and Xilinx Inc (XLNX +6.99%) were top gainers. Boeing (BA -5.75%) shares dropped after Norwegian Air Shuttle canceled an order for 97 Boeing jets,

On the technical side, about 38.5% (34.9% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average, and 17.7% (12.5% in the prior session) were trading above their 20-day moving average.

Regarding U.S. economic data, the Market News International's Chicago Business Barometer rose to 36.6 in June (45.0 expected), and the Conference Board's Consumer Confidence Index jumped to 98.1 (91.5 expected).

Due later today are the Automatic Data Processing (ADP) Jobs Report (an addition of 2.850 million private jobs in June expected), Markit's U.S. Manufacturing Purchasing Mangers' Index (49.6 for June expected), Construction Spending (+1.0% on month in May expected). And the Federal Open Market Committee (FOMC) would release minutes of its latest meeting.

European stocks closed mixed. The Stoxx Europe 600 Index edged up 0.1%, Germany's DAX 30 increased 0.6%, while France's CAC 40 declined 0.2% and the U.K.'s FTSE 100 was down 0.9%.

The benchmark 10-year Treasury yield climbed 3 basis points to 0.660%.

Spot gold price advanced $7.00 (+0.5%) to $1,780 an ounce extending its winning streak to a fourth session.

U.S. WTI crude oil futures (August) declined 1.1% to $39.27 a barrel.

On the forex front, the ICE U.S. Dollar Index marked a day-high of 97.80 before closing flat on day at 97.38.

EUR/USD slipped 0.1% to 1.1235. Official data showed that the eurozone's CPI grew 0.3% on year in June (+0.2% expected). Later today, Germany's jobless rate for June (6.5% expected) and retail sales data for May (+3.5% on month expected) will be released.

GBP/USD rebounded 0.8% to 1.2392. Government data showed that U.K. first quarter GDP growth was confirmed at -1.7% on year (-1.6% expected).

USD/JPY rose 0.4% to a three-week high of 107.97. This morning, Japan's Tankan Large Enterprises Manufacturing Index slid to -34 in the second quarter (-31 expected) from -8 in the first quarter, and the Large Enterprises Non-manufacturing Index fell to -17 in the second quarter (-20 expected) from 8.

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