Yahoo Finance's Alexis Christoforous and Jared Blikre break down the latest market action as the Dow is set to snap an 8-day losing streak. Here's the performance of select trending stocks as of 10:30 am ET: GERN(HB) Geron Corp 5.03% CHK Chesapeake Energy Corp 3.59% KMI Kinder Morgan Inc 2.74% XOM Exxon Mobil 2.25% DB(HB) Deutsche Bank Ag Ord 1.38% PBR Petroleo Brasileiro S.A. ADS 1.17% TXMD(HB) TherapeuticsMD Inc 1.27% INTC Intel Corp 1.06% WFC Wells Fargo 1.01% GM(HB) General Motors Co 0.97% PG Procter & Gamble Cc 0.88% TRXC(HB) TransEnterix Inc 0.77% GE General Electric Co 0.78% AMD Advanced Micro Devices Inc 0.73% JNJ Johnson & Johnson 0.74% SIRI(HB) Sirius XM Hldgs Inc 0.56% F Ford Motor 0.51% SBUX Starbucks Corp 0.55% WMT Wal-Mart Stores 0.48% BA(HB) Boeing Co 0.41% JPM JPMorgan Chase & Co 0.29% SPY SPDR S&P 500 ETF 0.26% BAC Bank of America Corporation 0.25% TEVA Teva Pharm Indus ADR 0.17% C Citigrp Inc 0.11% QCOM Qualcomm Inc 0.05% IBM Intl Business Machines Corp 0.05% DIS Disney (Walt) Co 0.02% BIDU(HB) Baidu Inc -0.07% MOMO Momo Inc ADS -0.10% JD JD.com Inc -0.15% T AT&T Inc -0.17% CSCO Cisco Systems -0.39% QQQ Invesco QQQ Trust Series 1 -0.44% BABA Alibaba Group Holding Ltd -0.48% SNAP(HB) Snap Inc -0.68% MDGL Madrigal Pharma Inc -0.79% GOOG Alphabet Inc Cl C Cap Stock -0.71% GOOGL Alphabet Inc Cl A -0.76% OLED(3) Universal Display Corp -1.06% TWTR Twitter Inc -1.23% MSFT Microsoft Corp -1.29% MU Micron Tech -1.68% SQ Square Inc -1.60% CRSP(HB) CRISPR Therapeutics AG -1.77% NVDA Nvidia Corp -2.05% AMAT Applied Materials -2.10% CRM salesforce.com Inc -2.32% TSLA Tesla Inc -2.42% BOX(0) Box, Inc -2.61% UVXY(HB) ProShs Ultra VIX Short-Term -3.19% HMNY(HB) Helios and Matheson Analytics -3.64% TVIX(HB) VS 2X VIX Short Term -4.26% IQ(HB) IQIYI Inc ADS -7.55% BRK-B BRK-A 0005.HK ACB.TO YM=F CADUSD=X GC=F BBD-B.TO ^RUT
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Investing.com – Gold prices remained close to their lowest level this year as a weaker dollar failed to stoke appetite for the yellow metal.
The euro is irreversible, German Finance Minister Olaf Scholz said in a newspaper interview to be published on Saturday when asked if the single currency will still be there in 10 years. "Yes, the euro is irreversible," Scholz told the Rheinische Post. "With the Meseberg agreements we are further building the house of Europe," he said.
Investing.com – The U.S. dollar was on track to post a weekly loss against its rivals as mixed U.S. economic data weighed on sentiment and ongoing euro strength curbed upside momentum.
The U.S. dollar rallied to its best level in a year against its Canadian rival Friday morning, thanks to sluggish Canadian economic data that underlined the fragility of Canada’s economy. The ICE U.S. Dollar Index (IFUS:DX-Y.NYB) meanwhile, was down 0.2% at 94.535. Friday morning’s Canadian data showed May inflation at 0.05%, underperforming the forecast of 0.5%, while core inflation slowed to 1.9% for the 12 months ended in May, from 2.1% previously.
By Richard Leong NEW YORK (Reuters) - The euro climbed on Friday as traders were encouraged by improved regional economic growth data and new assurances by Italian politicians that their nation would not leave the single currency. The euro registered a weekly gain of nearly 0.5 percent against the dollar, reversing the prior week's 1.35 percent drop tied to the European Central Bank's hint it would hold interest rates through the summer of 2019. The euro's advance, together with a rebound in commodity-linked and emerging market currencies, pressured the dollar which ended lower on the week.
The euro remained higher on Friday, as the U.S. dollar fell and trade concerns lingered. EUR/USD rose 0.26% to 1.1633 as of 11:24 AM ET (15:24 GMT) after French and German business activity in June came in higher than expected, easing concerns of a slowdown in the eurozone. The U.S. dollar index, which measures the greenback’s strength against a basket of six major currencies, was down 0.19% to 94.36.
Gold prices were modestly higher on Friday but remained at a six-month low as the dollar fell and trade tensions waned. Comex gold futures for August delivery were up 0.02% to $1,270.80 a troy ounce as of 10:31 AM ET (14:31 GMT). Tensions between the U.S. and its allies remained on the back of investors minds, as the European Union imposed tariffs on about $3.4 billion of U.S. imports on Friday, including motorcycles, jeans, and whiskey.
The S&P 500 gained 11 points or 0.41% to 2,761.92 as of 9:42 AM ET (13:42 GMT) while the Dow composite increased 144 points or 0.59% to 24,606.55 and tech heavy NASDAQ Composite fell over nine points or 0.13% to 7,703.28.