2024/03/22
The S&P turned sharply higher during the session and may hit record highs for four consecutive days; Nvidia will rise for 11 consecutive weeks, setting another record for the longest weekly rise; FedEx rose 10% in early trading after the financial report, and Nike fell 9%, leading the decline. Index constituent stocks, Lululemon once fell nearly 20%. In early trading, the concept stock index fell nearly 2%, Xpeng Motors fell 9%, and Baidu rose nearly 4% in early trading. Pan-European stock indexes have risen for nine consecutive weeks, the longest weekly rise since 2012, and German, Italian and Western stocks have hit record highs for four consecutive days. The yield on the 10-year U.S. Treasury note hit a new weekly low, and the two-year yield fell by more than 10 basis points for the whole week. The U.S. dollar index hit a one-month high, the British pound hit a one-month low, and Bitcoin will have its biggest weekly decline in half a year. London nickel fell to a new low in nearly four weeks, and London copper fell back, ending its five-week and two-week winning streak respectively.
More⋯
