Market Wrap: Stocks, Bonds, Commodities

Market Wrap

Stocks

• U.S. stocks started the week lower after posting a five-week winning streak.

• The Dow Jones Industrial Average fell 0.11% to 36,204.

• The S&P 500 dropped 0.54% to 4,569.

• The Nasdaq 100 was down 0.99% to 15,839.

Sectors

• Transportation (+0.67%), real estate (+0.54%), and consumer durables & apparel (+0.45%) stock sectors were market leaders.

• Semiconductors (-1.67%), media (-1.45%), and software & services (-1.38%) sectors were laggards.

Companies

• Alaska Air (ALK) sank 14.22% as the airline announced the acquisition of competitor Hawaiian Holdings (HA) for $1.9 billion.

• Hawaiian Holdings (HA) soared 192.59%.

• Spotify Technology (SPOT) climbed 7.46%.

• Uber Technologies (UBER) rose 2.23%.

• Builders FirstSource (BLDR) fell 1.74%.

• Jabil Circuit (JBL) dropped 1.33%.

• Riot Platforms (RIOT) jumped 8.93%.

• Marathon Digital (MARA) up 8.47%.

• MicroStrategy (MSTR) up 6.74%.

• Coinbase Global (COIN) up 5.48%.

• Carvana (CVNA) jumped 13.84%.

• 3M (MMM) gained 3.60%.

Commodities

• Gold price hit an all-time high of $2,135 before retreating to $2,029.

• U.S. WTI crude-oil futures slipped to $73.31 a barrel.

Forex

• The U.S. dollar stabilized after losing for three straight weeks.

• EUR/USD declined 49 pips to 1.0835.

• USD/JPY rebounded 40 pips to 147.22.

• GBP/USD retreated 79 pips to 1.2631.

• AUD/USD fell 56 pips to 0.6619.

• USD/CHF rose 36 pips to 0.8728.

• USD/CAD increased 40 pips to 1.3537.

• Bitcoin broke above $40,000 before running up to $42,000.

Analyst Views

• Dow Jones (CME) Intraday: bullish bias. Pivot: 36190.00.

• EUR/USD Intraday: key resistance at 1.0865. Pivot: 1.0865.

• GBP/USD Intraday: under pressure. Pivot: 1.2665.

• USD/JPY Intraday: bullish bias above 146.70. Pivot: 146.70.