Wall Street records another session of gains following the NFP report that exceeded most economists’ expectations. The unexpected rise in jobs created and unemployment falling to 4.1% renewed investors’ confidence in the U.S. economy. Nasdaq and DJIA are up around 0.9%, S&P 500 rallies for the 10th consecutive session (+0.7%), Russell 2000 adds 0.65%.
On the other hand, the bond market is selling off as investors reduce their expectations for a rate cut and move away from bets on a July rate cut. Consequently, yields are rising from their recent lows, caused by dovish comments from several Fed officials, Jerome Powell’s statement that a rate cut “is not off the table,” and yesterday’s surprisingly weak ADP report.
Start investing today or test a free demo
Create account Try a demo Download mobile app Download mobile appUS500 (D1)
S&P 500 futures have rallied for a 10th straight session, gaining a total of 6.3% throughout its winning streak. The momentum remains strong, even though the RSI is well above the overbought level. Optimism is broad-based, with every sector in the index currently trading higher. However, the streak of new all-time highs could be at risk if the price falls back below the 6245 level — a point where the index paused earlier this week before continuing its upward move.
Source: xStation5
Company news:
-
ASML, BE Semiconductor, and ASM International are down between 0.6 and 1.6% after reports that Samsung is delaying its Texas chip plant. The delay, tied to customer demand issues, weighs on European suppliers—ASML gets 14% of revenue from Samsung, BE Semi 4.4%, and ASM is also a key partner. Investors fear softer near-term demand from the Korean tech giant.
-
Datadog jumps 13% postmarket after being selected to join the S&P 500, replacing Juniper Networks following its acquisition by HPE. The move boosts investor visibility and fund flows. Meanwhile, Robinhood and AppLovin, previously seen as contenders, each fell over 2% on the news.
-
Synopsys and Cadence add 4.5% and 5.1% after the U.S. lifted export curbs on chip design software to China. The move reopens a key market, with Chinese clients making up 14% of Synopsys and 11% of Cadence sales. Ansys also rose 2.3%. Analysts see limited financial damage but caution on future trade uncertainty.
-
Xponential Fitness surged up to 23% after the SEC ended its probe with no action. Jefferies sees improved investor sentiment under new leadership and backs the stock with a Buy rating and $26 target. Analysts cite strong brand portfolio, international growth potential, and a franchisee-focused strategy as key drivers for future performance.
The content of this report has been created by XTB S.A., with its registered office in Warsaw, at Prosta 67, 00-838 Warsaw, Poland, (KRS number 0000217580) and supervised by Polish Supervision Authority ( No. DDM-M-4021-57-1/2005). This material is a marketing communication within the meaning of Art. 24 (3) of Directive 2014/65/EU of the European Parliament and of the Council of 15 May 2014 on markets in financial instruments and amending Directive 2002/92/EC and Directive 2011/61/EU (MiFID II). Marketing communication is not an investment recommendation or information recommending or suggesting an investment strategy within the meaning of Regulation (EU) No 596/2014 of the European Parliament and of the Council of 16 April 2014 on market abuse (market abuse regulation) and repealing Directive 2003/6/EC of the European Parliament and of the Council and Commission Directives 2003/124/EC, 2003/125/EC and 2004/72/EC and Commission Delegated Regulation (EU) 2016/958 of 9 March 2016 supplementing Regulation (EU) No 596/2014 of the European Parliament and of the Council with regard to regulatory technical standards for the technical arrangements for objective presentation of investment recommendations or other information recommending or suggesting an investment strategy and for disclosure of particular interests or indications of conflicts of interest or any other advice, including in the area of investment advisory, within the meaning of the Trading in Financial Instruments Act of 29 July 2005 (i.e. Journal of Laws 2019, item 875, as amended). The marketing communication is prepared with the highest diligence, objectivity, presents the facts known to the author on the date of preparation and is devoid of any evaluation elements. The marketing communication is prepared without considering the client’s needs, his individual financial situation and does not present any investment strategy in any way. The marketing communication does not constitute an offer of sale, offering, subscription, invitation to purchase, advertisement or promotion of any financial instruments. XTB S.A. is not liable for any client’s actions or omissions, in particular for the acquisition or disposal of financial instruments, undertaken on the basis of the information contained in this marketing communication. In the event that the marketing communication contains any information about any results regarding the financial instruments indicated therein, these do not constitute any guarantee or forecast regarding the future results.
