US close, nos etc..wk 20.17 May 2025 06:41
Nyse data
Issues 2823
Advances 1930
Declines 816
U/c 77
NH 85
NL 11
T/vol(tn) 1•2
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DJ +331 (42,655)
SP +41 (5958)
NS +92 (21,428)
R2 +11(1322)
WTI $62
10ytb 4•484%
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MSCI(W) +21 (3863)
Gold Bugs u/c (366)
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Close :- Vix 17. Brent $65.
Gold $3202. Copper $4•591.
Palm $894. Silver $32•430.
Yen 146. Yuan 7•12
$ 1•328. €1•190.
FF -10. DF -197.
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US stocks rose on Friday notching wkly gains across the major averages as tensions ease on the China US trade war front and an air of normality returns to the mrkts. The 500 extended gains for the 5th day in a row erasing all 2025 losses, while the tecs outperformed on the wk by 7%. Only 4 Big board stocks fell on the session (Apple, Chevron, Cisco & Boeing) heading the risers (UH, 3M & Walmart).
Notably Nvidia ($135) climbed back into positive territory on the news it will supply Saudi Arabia's Humain with several hundred thousand Ai chips. Other US firms have signed deals with Humain notably Qualcomm, AMD and Amazon. Tesla ($350) capped the 4th straight week of gains but slumped $10 in after hours trade. Considering Tesla at one point was 40% down on the year the bounce back has been considerable.
US consumer sentiment fell in May as Americans grew more pessimistic about the inflation outlook and the knock on effects of Trump tariffs on companies spend power. Trump's tax and spend bill which promises big tax cuts failed to clear a key hurdle on Friday as Republicans voted to oppose by 21-16.
Gold futures pulled back more than 1% on Friday as peace talks lowered demand for safe haven assets. Gold was on pace to close the week down around 4% to $3170 in early dealings.
Morning all.