2024/04/05
The S&P Nasdaq closed up more than 1%, the largest gain in more than three weeks, but still fell for the whole week. The Dow Jones Industrial Average fell more than 2% for the week. Among the "seven sisters" of technology, only Tesla fell, once falling more than 6%, while Nvidia closed up. Over 2%, Meta rose over 3% to hit a record high, rising nearly 9% in a week; AMD rose nearly 3%, while Intel fell over 2%. China Concept Stock Index fell for three consecutive times but still rose for the whole week, and NIO fell more than 2%. Pan-European stock indexes fell back to more than two-week lows, falling more than 1% for the week, their biggest drop in more than two months. After the employment report, the ten-year U.S. Treasury yield quickly returned to 4.40%, close to a four-month high; the U.S. dollar index hit a daily high, off a two-week low; the offshore RMB, which pushed up to 7.24 and hit a new high in more than a week, once fell back more than 100 points. ; Gold turned lower in the short term, and later rose by nearly 2%, hitting intraday record highs for six consecutive days; Bitcoin hit a new daily low of $66,000, down nearly $3,000 from its daily high. Crude oil hit a five-month high on the fifth day, rising nearly 5% in a week. Gold rose nearly 5% for the week, its biggest weekly gain in the past six months. Lun Copper is temporarily not at its highest level in the past two years, but it rose by more than 5% for the whole week, and Lun Zinc rose by more than 8% for the week.
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