2024/03/19
Nvidia led the fluctuations in large technology, AI and chip stocks. The S&P Nasdaq stopped falling and turned positive in the afternoon. The Dow Jones Industrial Average rose the most in three weeks. However, the chip stock index fell for five consecutive days to a two-week low. AMD fell about 7% and closed down nearly 5%. , Oracle hit new highs in two days. The China Concept Stock Index narrowed its losses, with Xpeng Motors closing up 0.7% after opening 7% higher. Before the Fed's decision, U.S. bond yields fell by about 5 basis points, and the 10-year bond yield fell from its highest level in nearly four months. Oil prices have remained at five-month highs for two consecutive days, with Brent oil closing above $87 and U.S. oil rising nearly 1%. The U.S. dollar index hit a two-week high. The Bank of Japan ended negative interest rates and YCC policies, but the yen fell to 151. Bitcoin once fell 7% and fell below $63,000.
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