Asia Morning Oct 5
The Dow Jones Industrial Average shed over 400 points...
Share this:
On Friday, U.S. stocks ended in the red. The Dow Jones Industrial Average shed over 400 points at the open before working its way back to close at 27682, down 134 points (-0.48%) on day. The S&P 500 lost 32 points (-0.96%) to 3348, and the Nasdaq 100 plunged 327 points (-2.83%) to 11255.
Nasdaq 100 Index: Daily Chart
Sources: GAIN Capital, TradingView
The breaking news that President Donald Trump and first lady Melania tested positive for COVID-19 sent investors to a risk-off mode. And surely uncertainties surrounding the presidential election are mounting.
At the same time, the closely-watched September U.S. Jobs Report showed labor market weakness. The economy added 661,000 Nonfarm Payrolls, lower than +872,000 expected, with the jobless rate declining to 7.9%, better than 8.2% expected.
Semiconductors & Semiconductor Equipment (-3.33%), Technology Hardware & Equipment (-2.71%) and Media (-2.38%) sectors lost the most on Friday. Activision Blizzard (ATVI -5.3%), Vertex Pharmaceuticals (VRTX -4.65%), Netflix (NFLX -4.63%) and Analog Devices (ADI -4.19%) were top losers.
Approximately 62% (61% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 50% (49% in the prior session) were trading above their 20-day moving average.
Also, the University of Michigan's Consumer Sentiment Index (final reading) rose to 80.4 in September (79.0 expected), Factory Orders rose 0.7% on month in August (+0.9% expected), and Durable Goods Orders (final reading) increased 0.5% on month in August (+0.4% expected).
European stocks were mixed. The Stoxx Europe 600 Index added 0.25%, the U.K.'s FTSE 100 climbed 0.39%, France's CAC 40 was broadly flat, while Germany's DAX 30 dropped 0.33%,
U.S. Treasury prices ended lower as stocks pared some losses. The benchmark U.S. 10-year Treasury yield advanced to 0.690%.
Spot gold slipped $6 to $1,899 an ounce.
Crude oil's sell-off deepened. U.S. WTI crude oil futures (November) fell $1.77 (-4.57%) to $36.95 at the close.
On the forex front, The ICE Dollar Index erased earlier gains to close slightly higher at 93.81, halting a four-session losing streak.
The Japanese yen was bought as Trump's virus diagnosis triggered a surge in haven bids, pulling USD/JPY down to 104.94. The pair then bounced to close at 105.35, down 0.16% on day.
GBP/USD managed to regain the 1.2900 level as it rose 0.31% to 1.2931.
EUR/USD fell 0.27% to 1.1716. Official data showed that Consumer Prices in the Eurozone edged up 0.1% on month in September (as expected).
AUD/USD slid 0.33% to 0.7161, ending a four-day rally. Official data showed that Australia's Retail Sales dropped 4.0% in August (-4.2% expected, -3.2% in July).
USD/CAD closed 0.13% higher to regain the 1.3300 level.
Nasdaq 100 Index: Daily Chart
Sources: GAIN Capital, TradingView
The breaking news that President Donald Trump and first lady Melania tested positive for COVID-19 sent investors to a risk-off mode. And surely uncertainties surrounding the presidential election are mounting.
On Sunday, Trump's medical team revealed that he could be discharged from hospital on Monday the soonest.
At the same time, the closely-watched September U.S. Jobs Report showed labor market weakness. The economy added 661,000 Nonfarm Payrolls, lower than +872,000 expected, with the jobless rate declining to 7.9%, better than 8.2% expected.
Semiconductors & Semiconductor Equipment (-3.33%), Technology Hardware & Equipment (-2.71%) and Media (-2.38%) sectors lost the most on Friday. Activision Blizzard (ATVI -5.3%), Vertex Pharmaceuticals (VRTX -4.65%), Netflix (NFLX -4.63%) and Analog Devices (ADI -4.19%) were top losers.
Approximately 62% (61% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 50% (49% in the prior session) were trading above their 20-day moving average.
Also, the University of Michigan's Consumer Sentiment Index (final reading) rose to 80.4 in September (79.0 expected), Factory Orders rose 0.7% on month in August (+0.9% expected), and Durable Goods Orders (final reading) increased 0.5% on month in August (+0.4% expected).
European stocks were mixed. The Stoxx Europe 600 Index added 0.25%, the U.K.'s FTSE 100 climbed 0.39%, France's CAC 40 was broadly flat, while Germany's DAX 30 dropped 0.33%,
U.S. Treasury prices ended lower as stocks pared some losses. The benchmark U.S. 10-year Treasury yield advanced to 0.690%.
Spot gold slipped $6 to $1,899 an ounce.
Crude oil's sell-off deepened. U.S. WTI crude oil futures (November) fell $1.77 (-4.57%) to $36.95 at the close.
On the forex front, The ICE Dollar Index erased earlier gains to close slightly higher at 93.81, halting a four-session losing streak.
The Japanese yen was bought as Trump's virus diagnosis triggered a surge in haven bids, pulling USD/JPY down to 104.94. The pair then bounced to close at 105.35, down 0.16% on day.
GBP/USD managed to regain the 1.2900 level as it rose 0.31% to 1.2931.
EUR/USD fell 0.27% to 1.1716. Official data showed that Consumer Prices in the Eurozone edged up 0.1% on month in September (as expected).
AUD/USD slid 0.33% to 0.7161, ending a four-day rally. Official data showed that Australia's Retail Sales dropped 4.0% in August (-4.2% expected, -3.2% in July).
USD/CAD closed 0.13% higher to regain the 1.3300 level.
On Friday, U.S. stocks ended in the red. The Dow Jones Industrial Average shed over 400 points at the open before working its way back to close at 27682, down 134 points (-0.48%) on day. The S&P 500 lost 32 points (-0.96%) to 3348, and the Nasdaq 100 plunged 327 points (-2.83%) to 11255.
Nasdaq 100 Index: Daily Chart
Sources: GAIN Capital, TradingView
The breaking news that President Donald Trump and first lady Melania tested positive for COVID-19 sent investors to a risk-off mode. And surely uncertainties surrounding the presidential election are mounting.
On Sunday, Trump's medical team revealed that he could be discharged from hospital on Monday the soonest.
At the same time, the closely-watched September U.S. Jobs Report showed labor market weakness. The economy added 661,000 Nonfarm Payrolls, lower than +872,000 expected, with the jobless rate declining to 7.9%, better than 8.2% expected.
Semiconductors & Semiconductor Equipment (-3.33%), Technology Hardware & Equipment (-2.71%) and Media (-2.38%) sectors lost the most on Friday. Activision Blizzard (ATVI -5.3%), Vertex Pharmaceuticals (VRTX -4.65%), Netflix (NFLX -4.63%) and Analog Devices (ADI -4.19%) were top losers.
Approximately 62% (61% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 50% (49% in the prior session) were trading above their 20-day moving average.
Also, the University of Michigan's Consumer Sentiment Index (final reading) rose to 80.4 in September (79.0 expected), Factory Orders rose 0.7% on month in August (+0.9% expected), and Durable Goods Orders (final reading) increased 0.5% on month in August (+0.4% expected).
European stocks were mixed. The Stoxx Europe 600 Index added 0.25%, the U.K.'s FTSE 100 climbed 0.39%, France's CAC 40 was broadly flat, while Germany's DAX 30 dropped 0.33%,
U.S. Treasury prices ended lower as stocks pared some losses. The benchmark U.S. 10-year Treasury yield advanced to 0.690%.
Spot gold slipped $6 to $1,899 an ounce.
Crude oil's sell-off deepened. U.S. WTI crude oil futures (November) fell $1.77 (-4.57%) to $36.95 at the close.
On the forex front, The ICE Dollar Index erased earlier gains to close slightly higher at 93.81, halting a four-session losing streak.
The Japanese yen was bought as Trump's virus diagnosis triggered a surge in haven bids, pulling USD/JPY down to 104.94. The pair then bounced to close at 105.35, down 0.16% on day.
GBP/USD managed to regain the 1.2900 level as it rose 0.31% to 1.2931.
EUR/USD fell 0.27% to 1.1716. Official data showed that Consumer Prices in the Eurozone edged up 0.1% on month in September (as expected).
AUD/USD slid 0.33% to 0.7161, ending a four-day rally. Official data showed that Australia's Retail Sales dropped 4.0% in August (-4.2% expected, -3.2% in July).
USD/CAD closed 0.13% higher to regain the 1.3300 level.
Nasdaq 100 Index: Daily Chart
Sources: GAIN Capital, TradingView
The breaking news that President Donald Trump and first lady Melania tested positive for COVID-19 sent investors to a risk-off mode. And surely uncertainties surrounding the presidential election are mounting.
On Sunday, Trump's medical team revealed that he could be discharged from hospital on Monday the soonest.
Semiconductors & Semiconductor Equipment (-3.33%), Technology Hardware & Equipment (-2.71%) and Media (-2.38%) sectors lost the most on Friday. Activision Blizzard (ATVI -5.3%), Vertex Pharmaceuticals (VRTX -4.65%), Netflix (NFLX -4.63%) and Analog Devices (ADI -4.19%) were top losers.
Approximately 62% (61% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average and 50% (49% in the prior session) were trading above their 20-day moving average.
Also, the University of Michigan's Consumer Sentiment Index (final reading) rose to 80.4 in September (79.0 expected), Factory Orders rose 0.7% on month in August (+0.9% expected), and Durable Goods Orders (final reading) increased 0.5% on month in August (+0.4% expected).
European stocks were mixed. The Stoxx Europe 600 Index added 0.25%, the U.K.'s FTSE 100 climbed 0.39%, France's CAC 40 was broadly flat, while Germany's DAX 30 dropped 0.33%,
U.S. Treasury prices ended lower as stocks pared some losses. The benchmark U.S. 10-year Treasury yield advanced to 0.690%.
Spot gold slipped $6 to $1,899 an ounce.
Crude oil's sell-off deepened. U.S. WTI crude oil futures (November) fell $1.77 (-4.57%) to $36.95 at the close.
On the forex front, The ICE Dollar Index erased earlier gains to close slightly higher at 93.81, halting a four-session losing streak.
The Japanese yen was bought as Trump's virus diagnosis triggered a surge in haven bids, pulling USD/JPY down to 104.94. The pair then bounced to close at 105.35, down 0.16% on day.
GBP/USD managed to regain the 1.2900 level as it rose 0.31% to 1.2931.
EUR/USD fell 0.27% to 1.1716. Official data showed that Consumer Prices in the Eurozone edged up 0.1% on month in September (as expected).
AUD/USD slid 0.33% to 0.7161, ending a four-day rally. Official data showed that Australia's Retail Sales dropped 4.0% in August (-4.2% expected, -3.2% in July).
USD/CAD closed 0.13% higher to regain the 1.3300 level.
Related tags:
Latest market news
The complete CFD trading experience
Award-winning platforms, competitive spreads, low commissions and dedicated support.
We live and breathe the markets and are dedicated to helping traders realise their ambitions as we continue to set the industry bar.
Economic calendar
Web Trader platform
Our sophisticated web-based platform is packed with features.
Related articles
EUR/USD Q4 2026 Outlook: Euro at a Crossroads as Fed, ECB Tighten 9 25 2026
EUR/USD enters Q4 at a pivotal inflection point as competing Fed-ECB policy paths and persistent inflation risks collide with major technical support.
USD/JPY Q4 2026 Outlook: Hawkish Fed Pricing Clashes With Intervention Risk
The year-end tug-of-war is clear: hawkish Fed pricing supports USD/JPY, while intervention risk limits the upside.
Japanese Yen Forecast: USD/JPY 4% Rally Challenges Post-Intervention Downtrend 9 24 2026
USD/JPY momentum has shifted sharply higher, putting a major resistance confluence in focus as U.S. and Japanese event risk builds.
StoneX Europe Ltd may make third party material available on this website which may contain information included but not limited to the conditions of financial markets. The material is for information purposes only and does not contain, and should not be construed as containing, investment advice and/or investment recommendation and/or an investment research and/or an offer of or solicitation for any transactions in financial instruments; any decision to enter into a specific transaction shall be made by the client following an assessment by him/her of their situation.
StoneX Europe Ltd makes no representation or warranty and assumes no liability as to the accuracy or completeness of the information provided, nor any loss arising from any investment based on a recommendation, forecast or other information supplied. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. We are not under any obligation to update any such material. Any opinion made may be personal to the author and may not reflect the opinion of StoneX Europe Ltd.