Last Friday, multiple sources hinted that a U.S.-Iran memorandum of understanding was nearing signing, and the market closely monitored developments toward peace.
The U.S. Dollar Index traded sideways, remaining below the 100 mark, and ultimately closed up 0.109% at 99.8, recording its largest weekly decline since early May;The benchmark 10-year U.S. Treasury yield closed at 4.489%, while the 2-year U.S. Treasury yield, which is sensitive to the Fed’s policy rate, closed at 4.093%.
Spot gold fluctuated around the $4,200 level, ultimately closing up 0.1% at $4,219.32 per ounce, marking its second consecutive weekly decline; spot silver also traded sideways, closing up 0.92% at $68 per ounce.
International crude oil extended its decline, marking its third weekly drop in the past four weeks. WTI crude hit an intraday low not seen since April 17, eventually closing down 2.7% at $84.82 per barrel; Brent crude closed down 2.76% at $86.09 per barrel.
The three major U.S. stock indices all rose slightly, with the Dow Jones Industrial Average closing up 0.7%, the S&P 500 up 0.5%, and the Nasdaq Composite up 0.3%.SpaceX (SPCX.O) closed up 19% on its first day of trading at $161.10, with a total market capitalization of $2.1 trillion, making it the sixth-largest publicly traded company in the U.S.Other aerospace-related stocks fell, with Virgin Galactic (SPCE.N) dropping more than 30% and Rocket Lab (RKLB.O) falling more than 10%. Arm (ARM.O) rose 11%, and Intel (INTC.O) gained 6.5%.The Nasdaq Golden Dragon China Index rose 0.4%.