In New York markets on the 5th, the Dow Jones Industrial Average closed at a record high for the second straight day. Signs of progress toward a peace deal between the U.S. and Iran spurred buying, and the Dow ended at 54,349.12, up 263.24 points from the previous day. Meanwhile, a 13.6% plunge in space exploration company SpaceX and a 7% drop in semiconductor giant Advanced Micro Devices weighed on sentiment, sending the Nasdaq Composite lower for the first time in five trading days. In the foreign exchange market, the yen settled around the mid-157 level against the dollar following last week's coordinated intervention by Japan and the U.S., while the dollar retreated from safe-haven buying and traded near six-week lows against major currencies. In the bond market, as crude oil prices fell on expectations of the Strait of Hormuz reopening, the U.S. Treasury indicated it would keep auction sizes for fixed-rate and floating-rate notes unchanged for at least the next several quarters, easing concerns about upward pressure on yields. The 10-year yield fell 1.23 basis points to 4.615%. Gold futures hit a roughly seven-week high, supported by lower U.S. yields and hopes for easing Middle East tensions, while U.S. crude oil futures declined on expectations of normalized shipping through the Strait of Hormuz.
Advanced Micro Devices Inc
