Real-time updates from global markets
The S&P 500 closed at a new all-time high today, driven by strong performance in the technology sector. Mega-cap tech stocks led the gains, with semiconductor companies showing particular strength. Market breadth was positive, with advancing issues outnumbering declining ones by a 3:1 ratio.
Gold prices jumped to $2,050 per ounce as investors sought safe-haven assets amid geopolitical tensions. The precious metal has gained 15% year-to-date, outperforming most major asset classes. Silver and platinum also posted gains, while industrial metals showed mixed performance.
The 10-year Treasury yield climbed to 4.25% following hawkish comments from Federal Reserve officials. Bond prices fell as investors reassessed interest rate expectations. The yield curve remains inverted, though the spread has narrowed slightly from recent levels.
The U.S. dollar index rose 0.8% as stronger-than-expected economic data supported the greenback. EUR/USD fell to 1.0850, while USD/JPY climbed to 148.50. The British pound weakened on mixed UK economic indicators. EM currencies showed divergent performance.
Asian equity markets posted broad gains as investors anticipated further stimulus measures from Chinese authorities. Hong Kong's Hang Seng jumped 2.5%, while the Shanghai Composite gained 1.8%. Japanese and South Korean markets also advanced on positive sentiment.
Crude oil futures fell as OPEC+ production increase signals eased supply worries. WTI crude dropped to $78.50 per barrel, while Brent crude declined to $82.25. Natural gas prices also retreated on mild weather forecasts. Energy sector stocks underperformed broader market.