In New York markets on the 24th, the dollar rose, Treasury yields fell, and the S&P 500 and Nasdaq Composite pulled back. Following the Trump administration's expanded sanctions on Iran and tariff announcement on Canada, the dollar index gained 0.17% to 98.99, while the Canadian dollar fell 0.61% against the US dollar to 1.385 Canadian dollars per US dollar, its steepest decline since June 17. After CNBC reported that the US Treasury may use the Treasury General Account to fund an expansion of bond buybacks, the benchmark 10-year yield fell 3.99 basis points to 4.698%, while the 2-year yield was flat at 4.234%. In equities, semiconductor stocks were sold off, with Nvidia down 2.9%, Micron Technology down 5.8%, and Broadcom down 2.6%, weighing on the S&P 500 information technology index. Gold futures hit their highest level in more than three months, with spot gold up 0.8% at $4,639.49 per ounce, while crude oil futures saw profit-taking, with Brent crude down $2.22 at $92.17 and US WTI down $2.05 at $85.01.
Broadcom Inc
NVIDIA Corporation
Micron Technology Inc