Overnight US stocks | Gold plummeted more than 5% overnight! The stocks of the three major US companies rose and fell unevenly. Apple Inc. (AAPL.US) hit a new high in the session.
As of the close, the Dow rose 218.16 points, up 0.47%, to 46924.74 points; the Nasdaq fell 36.88 points, down 0.16%, to 22953.67 points; the S&P 500 index rose 0.22 points, to 6735.35 points.
On Tuesday, the three major US stock indices closed with mixed results. Corporate earnings drove the Dow Jones to a new high, while uncertainty over trade prospects pressured tech stocks and small caps, leading to a drop in the Nasdaq and a lackluster close for the S&P 500.
As of the close, the Dow rose 218.16 points, or 0.47%, to 46,924.74 points; the Nasdaq fell 36.88 points, or 0.16%, to 22,953.67 points; and the S&P 500 rose 0.22 points to 6,735.35 points. Apple Inc. (AAPL.US) saw its third consecutive increase, reaching a new high during trading. Alphabet Inc. Class C (GOOGL.US) fell 2.37%, Tesla, Inc. (TSLA.US) dropped 1.08%, NVIDIA Corporation (NVDA.US) declined 0.81%, Meta (META.US) and Microsoft Corporation (MSFT.US) rose by up to 0.17%, Coca-Cola Company (KO.US) increased by 4%, and meme stock Beyond Meat (BYND.US) soared by 146%, with a three-day increase of around 600%.
In Europe, the Euro Stoxx 50 index rose by 0.10% to 5,686.83 points, hitting a new closing high. The German DAX 30 index rose by 0.29% to 24,330.03 points, the French CAC 40 index increased by 0.64% to 8,258.86 points, and the UK's FTSE 100 index rose by 0.25% to 9,426.99 points.
In commodities, WTI November crude oil futures rose by $0.30, or 0.52%, to $57.82 per barrel, while Brent December crude oil futures increased by $0.31, or 0.51%, to $61.32 per barrel.
In cryptocurrencies, spot Bitcoin rose by 0.7% to $111,811, while spot Ethereum fluctuated widely, trading at $3,995.
The ICE US Dollar Index rose by 0.34% to 98.922 points, with a daily trading range of 98.507-98.979 points.
In precious metals, profit-taking and technical pullbacks drove a sharp decline in gold and silver. Gold fell by over 5.7%, marking its largest single-day decline since 2013, while silver plummeted by nearly 8%. The Philadelphia Gold and Silver Index dropped by 9.57% to 283.99 points.
In macro news, President Trump stated he doesn't want to hold a meaningless meeting with Putin, casting doubt on the possibility of a second summit between the two leaders. The US government plans to purchase 1 million barrels of crude oil to replenish strategic reserves amid low oil prices. The US government has been shut down for three weeks, with no plans for new negotiations between the two parties.
Stock-specific news includes Texas Instruments signaling a slowdown in chip recovery, Netflix's Q3 earnings falling short of expectations due to a tax dispute in Brazil, Western Alliance Bancorp beating expectations, and Apple facing engineering challenges with its foldable iPad, potentially delaying its release. OpenAI also released an AI browser called ChatGPT Atlas, competing with Alphabet Inc. Class C.
Overall, the US stock market experienced mixed results, with some indices reaching new highs and others facing declines.
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