The US dollar and Treasury yields took a break from their recent surge and moved lower on Friday, cementing a three-day rally and ending a three-week losing streak for the S&P 500.
Multinational stocks that have high costs in the US but sell a lot of their products overseas are beneficiaries of a falling dollar. Growth stocks are often boosted by a decline in the cost of capital.
When taking into account their multi-month rallies, the declines are small. The US dollar index has fallen from its recent cycle high. The 10-year US Treasury yield has fallen a bit from its recent high.
At 4:00 p.m., the US index stood here. Friday is the last day of the week.
Smaller moves in the US dollar and Treasury yields could affect different asset classes.
She said in a Friday note to clients that a short-term shift is likely on the macro front.
Bill Gross is betting on the British pound to rise against the dollar, as he expects the gaping US trade deficit and a premature end to the Fed's interest rate hikes to weigh on the American currency.
Some of the world's best investors are cashing out of their bets on technology stocks from China in the face of tighter regulations and mounting economic challenges.
The merger deadline with Donald Trump's Truth Social was extended by more time.
The stock market hit a two week high on Friday. It was the first time in more than a month that the price had topped $21,000. Gains were later trimmed.
The price of West Texas Intermediate crude oil went up. Oil's international benchmark rose 3.66%.
The price of the digital currency was $21,289. The price of ether went up by 2.5% to $1,718.
The price of gold increased to $1,729.30 per ounce. There was no change in the yield on the 10-yearTreasury.
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