Weekly market report: 📊
🔹Mon: Factory Orders; CES 2025; $NVDA Huang Speech ✔️
🔹Tues: ISM Services PMI, JOLTs
🔹 Wed: ADP Payrolls, Jobless Claims; Fed FOMC Minutes
🔹Thurs: Carter National Day of Mourning - U.S. Markets Closed
⚠️Fri: Jobs Report, Consumer Sentiment; $DAL $WBA Earnings
- Technology stocks led equity gains on Monday as spending plans by Microsoft Corp. underscored the sustained demand for artificial-intelligence infrastructure. Thirty-year Treasury yields rose to the highest since 2023.
- Nasdaq 100 futures advanced 0.7%, with chip heavyweights Nvidia Corp. and Advanced Micro Devices Inc. rising more than 2% in premarket trading.
- US stocks are set to for a second day of gains after ending the longest losing streak since April on Friday.
- US Treasuries slumped as the market prepared for $119 billion of fresh government debt issuance this week. The 30-year rate climbed as much as four basis points to 4.85%, the most since November 2023, before a $58 billion sale of three-year notes on Monday.
- Gold slipped as Goldman Sachs Group Inc. said it no longer sees the metal reaching $3,000 an ounce by the end of the year, pushing the forecast to mid-2026 on expectations the Fed will make fewer rate cuts.