Last Friday, the U.S. Dollar Index fell early in the session but then rebounded, approaching the 101 mark again during the U.S. trading session and ultimately closing up 0.04% at 100.97;The benchmark 10-year U.S. Treasury yield closed at 4.562%, while the 2-year U.S. Treasury yield, which is sensitive to the Fed’s policy rate, closed at 4.216%.
As renewed conflict in the Middle East intensified inflation concerns and bolstered market expectations of tighter U.S. monetary policy, spot gold edged lower before fluctuating around the 4,100 level, ultimately closing down 0.11% at $4,119.27 per ounce;Spot silver ultimately closed down 0.16% at $59.85 per ounce.
International oil prices fluctuated as traders remained optimistic that shipping through the Strait of Hormuz would resume.WTI crude oil continued to trade above $71, ultimately closing down 0.35% at $71.42 per barrel; Brent crude oil closed up 0.02% at $75.93 per barrel.
The three major U.S. stock indices closed slightly higher, with the Dow Jones Industrial Average up 0.29%, the S&P 500 up 0.42%, and the Nasdaq up 0.29%.SK Hynix (SKHYV.O) rose 12.76% on its first day of trading on the U.S. market, driving gains across most chip stocks. Meta Platforms (META.O) rose 5.97%, SanDisk (SNDK.O) rose 3.1%,NVIDIA (NVDA.O) rose 4.03%. The Nasdaq Golden Dragon China Index closed down 0.23%.