Market Wrap: Mixed Performance in U.S. Stocks, Bond Yields Drop, and Forex Moves

Market Wrap: Stocks, Bonds, Commodities

• U.S. Stocks:

• Dow Jones Industrial Average: -0.22% to 36,124

• S&P 500: -0.06% to 4,567

• Nasdaq 100: +0.24% to 15,877

• U.S. 10-year Treasury yield: -8.8 basis points to 4.165%

• Job openings in October: 8.73 million (vs 9.40 million expected)

• ISM services purchasing managers index in November: 52.7 (vs 51.5 expected)

• Top-performing stock sectors: Telecoms services (+1.74%), technology hardware & equipment (+1.60%), automobiles & components (+0.89%)

• Underperforming stock sectors: Household & personal products (-3.05%), energy (-1.70%), materials (-1.37%)

• Notable stock movements: Nvidia (NVDA) +2.32%, Apple (AAPL) +2.11%, Amazon.com (AMZN), Tesla (TSLA), Alphabet (GOOGL) all up over 1%, CVS Health (CVS) +3.71%, Robinhood Markets (HOOD) +10.26%, Procter & Gamble (PG) -3.49%, Charter Communications (CHTR) -8.70%, Albemarle Corp (ALB) -5.60%, Goldman Sachs (GS) -2.19%, Walt Disney (DIS) -1.33%

• European Markets: DAX 40 +0.78%, CAC 40 +0.74%, FTSE 100 -0.31%

• WTI Crude Oil: -$0.51 (-0.70%) to $72.53 a barrel

• Gold Price: -$9 (-0.49%) to $2,019 an ounce

Market Wrap: Forex

• U.S. Dollar Index: 103.95

• EUR/USD: 1.0799 (down 37 pips)

• GBP/USD: 1.2596 (down 37 pips)

• USD/JPY: 147.15 (down 6 pips)

• AUD/USD: 0.6551 (down 69 pips)

• Reserve Bank of Australia kept its key interest rate unchanged at 4.35%

• Australia's Q3 GDP growth: 0.2% on quarter (vs +0.4% expected)

• USD/CHF: 0.8749 (up 21 pips)

• USD/CAD: 1.3593 (up 56 pips)

Dow Jones (CME) Intraday:

• Pivot: 36490.00

• Preference: Long positions above 36490.00 with targets at 36680.00 & 36740.00 in extension.

• Alternative scenario: Below 36490.00 look for further downside with 36430.00 & 36310.00 as targets.

• Comment: The RSI is bullish and calls for further advance.

EUR/USD Intraday:

• Pivot: 1.0825

• Preference: Short positions below 1.0825 with targets at 1.0770 & 1.0745 in extension.

• Alternative scenario: Above 1.0825 look for further upside with 1.0845 & 1.0865 as targets.

• Comment: As long as the resistance at 1.0825 is not surpassed, the risk of the break below 1.0770 remains high.

GBP/USD Intraday:

• Pivot: 1.2625

• Preference: Short positions below 1.2625 with targets at 1.2570 & 1.2545 in extension.

• Alternative scenario: Above 1.2625 look for further upside with 1.2645 & 1.2670 as targets.

• Comment: The upward potential is likely to be limited by the resistance at 1.2625.

USD/JPY Intraday:

• Pivot: 146.75

• Preference: Long positions above 146.75 with targets at 147.50 & 147.90 in extension.

• Alternative scenario: Below 146.75 look for further downside with 146.45 & 146.20 as targets.

• Comment: The RSI advocates for further upside.