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Market Navigator: Fed hike bets ease as Dow hits records – week of 6 Jul 2026
US equities extended their rebound as sector rotation continued to broaden. The S&P 500 gained 1.8% and the Dow rose 2.0% to a fresh record, while the tech-heavy Nasdaq 100 lagged at 0.7%, reflecting the cyclical and defensive tilt of the advance. Federal disclosures showing President Trump's personal stock holdings drove sharp moves in Axon which surged 28.4% on renewed attention to a pending ICE Taser contract. Moderna jumped 18.6% after its Science Day outlined plans to expand its mRNA platform into oncology and autoimmune disease. AI hardware stocks came under pressure as investors reassessed demand ... (full story)
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From brecorder.com | 1 hr 36 min ago
Gold prices held near a two-week high on Monday after a cooler-than-expected US jobs report last week slightly tempered expectations of interest rate hikes by the Federal Reserve. Spot gold was steady at $4,175.02 per ounce by 0028 GMT, after posting a weekly gain of more than 2% following four straight weeks of declines on Friday. US gold futures for ...
From brecorder.com | 7 hr ago
The decline in US nonfarm payrolls (NFP) to 57,000, compared to the expected 114,000, along with a notable downward adjustment of last month’s figures to 129,000 from 172,000, indicates that job growth in the US has slowed and did not increase as much as previously estimated. Surprisingly, the unemployment rate dropped from 4.3 percent to 4.2 percent. The ...
Spot Gold (XAUUSD) closed at $4,175.70 for the week ending July 3, up $87.31 or +2.14%. The weekly high reached $4,195.51. Gold sold off early in the week before Thursday’s June payrolls data reversed the action and produced the first weekly gain in about a month. Gold has been selling since the January highs with inflation fears and a hawkish Fed keeping ...
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- Jul 5, 10:00pm | 4 hr ago Posted byFundamental Analysis1,566
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