Last Friday, the U.S. Dollar Index fluctuated slightly and ultimately closed up 0.02% at 100.75; the benchmark 10-year U.S. Treasury yield closed at 4.550%, while the 2-year U.S. Treasury yield—which is sensitive to the Federal Reserve’s policy rate—closed at 4.183%.
Spot gold reclaimed the $4,000 level, briefly rising to an intraday high of $4,023.72, and ultimately closed up 1.01% at $4,016.55 per ounce;Spot silver ultimately closed up 0.74% at $55.91 per ounce.
International oil prices surged sharply as the U.S. and Iran escalated attacks in the Gulf region, coupled with restricted traffic through the Strait of Hormuz and the potential closure of the Red Sea, which threatened shipping operations.WTI crude oil continued to rise throughout the day, reclaiming the $80 mark, and ultimately closed up 3.61% at $82.33 per barrel; Brent crude oil closed up 3.13% at $86.75 per barrel.
In the U.S. stock market, the Dow Jones Industrial Average closed down 0.77%, the S&P 500 fell 1.07%, and the Nasdaq dropped 1.4%. Chip stocks were mixed, with Western Digital (WDC.O) rising 2.23%,SK Hynix ADR (SKHY.O) rose 1.13%, while NVIDIA (NVDA.O) fell 2.21%, Meta Platforms (META.O) fell 2.79%, and SpaceX (SPCX.O) fell 5.43%.Apple (AAPL.O) closed up 0.14%, briefly surpassing Nvidia in market capitalization during the session. The Nasdaq China Golden Dragon Index fell 1.82%, and Alibaba (BABA.N) fell 2%.