On Friday, U.S. stocks closed mixed. The Dow Jones Industrial Average was down for a second session easing 62 points (-0.23%) to 26671. The S&P 500 added 9 points (+0.28%) to 3224, and the Nasdaq 100 was up 18 points (+0.18%) to 10645.
Dow Jones Industrial Average Index: Daily Chart
Source: GAIN Capital, TradingView
Utilities (+2.28%), Health Care Equipment & Services (+1.81%) and Real Estate (+1.4%) sectors performed the best, while Banks (-2.32%), Energy (-1.52%) and Automobiles & Components (-1.02%) sectors were laggards. BlackRock (BLK +3.66%) jumped on better-than-expected earnings and assets under management. Netflix (NFLX -6.52%) fell on downbeat results.
On the technical side, about 52.2% (52.0% in the prior session) of stocks in the S&P 500 Index were trading above their 200-day moving average, and 80.4% (82.8% in the prior session) were trading above their 20-day moving average.
U.S. official data showed that Housing Starts rose to an annualized rate of 1.186 million units in June (1.190 million units expected). The University of Michigan's Consumer Sentiment Index (preliminary reading) unexpectedly fell to 73.2 in July (79.0 expected).
Meanwhile, the coronavirus pandemic keeps exploding across the world. The number of confirmed virus deaths has exceeded 600,000 globally, and topped 140,000 in the U.S.
European stocks also ended mixed. The Stoxx Europe 600 Index added 0.16%. Germany's DAX 30 gained 0.35%, the U.K.'s FTSE 100 rose 0.63%, while France's CAC 40 was down 0.31%.
The benchmark U.S. 10-year Treasury yield sank climbed to 0.628% from 0.614% Thursday.
Spot gold price rebounded $12.00 (+0.7%) to $1,810 an ounce.
U.S. WTI crude oil futures (August) slipped 0.4% to $40.59 a barrel.
On the forex front, the U.S. dollar weakened against its major peers, with the ICE Dollar Index dropping 0.3% on day to 96.01.
EUR/USD climbed 0.4% to 1.1428. It is reported that the European Union leaders were yet to agree on the size of a stimulus package, where oppositions led by Dutch Prime Minister Mark Rutte demanded a substantially less figure.
GBP/USD gained 0.1% to 1.2567.
USD/JPY fell 0.3% to 107.00. This morning, government data showed that Japan's exports plunged 26.2% on year in June (-24.7% expected) and imports slid 14.4% (-17.6% expected).
From time to time, GAIN Capital Australia Pty Ltd (“we”, “our”) website may contain links to other sites and/or resources provided by third parties. These links and/or resources are provided for your information only and we have no control over the contents of those materials, and in no way endorse their content. Any analysis, opinion, commentary or research-based material on our website is for information and educational purposes only and is not, in any circumstances, intended to be an offer, recommendation or solicitation to buy or sell. You should always seek independent advice as to your suitability to speculate in any related markets and your ability to assume the associated risks, if you are at all unsure. No representation or warranty is made, express or implied, that the materials on our website are complete or accurate. We are not under any obligation to update any such material.
As such, we (and/or our associated companies) will not be responsible or liable for any loss or damage incurred by you or any third party arising out of, or in connection with, any use of the information on our website (other than with regards to any duty or liability that we are unable to limit or exclude by law or under the applicable regulatory system) and any such liability is hereby expressly disclaimed.