US stocks fell as news of Nvidia CEO Jensen Huang’s exit pressured technology shares. Fading Middle East peace hopes lifted oil and Treasury yields, while the dollar reached fresh annual highs against major currencies. Gold suffered another sharp decline. US PPI and geopolitical headlines are in focus ahead of the weekend.
📊 Equities
US stocks finished lower yesterday as investors reacted to news of Nvidia CEO Jensen Huang’s exit, putting further pressure on the tech sector. The Dow declined 0.36% to 52,297, the S&P 500 fell 0.35% to 7,592, and the Nasdaq lost 0.39% to 25,366.
🛢️ Oil
Oil prices jumped as hopes of a Middle East peace deal faded, with further attacks on Saudi Arabia adding to concerns over regional supply disruptions. Brent rose 3.28% to $95.80, while WTI gained 2.55% to $88.74.
🥇 Gold
Gold took another heavy hit as the stronger dollar and rising US yields weighed on the precious metal. Prices fell 2.81% to $3,873.50.
💵 FX & Bonds
US Treasury yields surged as President Trump dampened hopes of a Middle East peace deal, stating that the US did not need an agreement with Iran. The 2-year yield rose 14.5 bps to 4.882%, while the 10-year yield climbed 13.5 bps to 5.127%. The dollar continued its strong run, reaching fresh annual highs against the majors, with USD up 0.34% to 103.19.
| Market | Change | Close |
|---|---|---|
| Dow | -0.36% | 52,297 |
| S&P 500 | -0.35% | 7,592 |
| Nasdaq | -0.39% | 25,366 |
| USD | +0.34% | 103.19 |
| US Treasury – 2 Year | +14.5 bps | 4.882% |
| US Treasury – 10 Year | +13.5 bps | 5.127% |
| Oil – Brent | +3.28% | $95.80 |
| Oil – WTI | +2.55% | $88.74 |
| Gold | -2.81% | $3,873.50 |
📌 Today’s Focus
US inflation data return to focus today, with key PPI numbers due early in the New York session. With inflation concerns building, Treasury yields pushing higher and geopolitical tensions escalating again, traders will watch the release closely. A stronger-than-expected print could add further momentum to the dollar and yields. Geopolitics looks set to remain the major driver of sentiment, with fresh Middle East headlines capable of quickly shifting global markets as traders brace for another potentially volatile finish to the trading week.
Today’s Events AEDT:
🔹 US Session – 12.30 am – US – PPI Data
