See the ‘Market Data’ post for tables & charts
Good evening,
Equities started the week on a mixed note, with the S&P 500 and Nasdaq Composite closing higher on optimism around AI‑related deals, while the Dow Jones slipped, weighed down by Merck (-4%) and Nike (-3%). Overall, half of the sectors finished in the red, highlighting uneven market breadth.
In forex and commodity markets, the DXY $ index, gold, crude oil, as well as benchmark bond yields, all traded in narrow ranges, showing little change. Meanwhile, the crypto market experienced a sharp pullback, as profit-taking and cautious sentiment sent Bitcoin down over 3% and Ethereum plunging nearly 8% to its lowest level since early August.
Amazon advanced 4% after announcing a $38bn deal with OpenAI to run its AI workloads on Nvidia GPUs via Amazon Web Services. The deal underscores AWS’s central role in powering AI infrastructure and highlights growing demand for high-performance computing.
Keep reading with a 7-day free trial
Subscribe to US Markets Daily to keep reading this post and get 7 days of free access to the full post archives.