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Tech stocks drag, dollar low on rate cut expectations – Sep 17

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Fixed Income

Yields on short-dated U.S. debt hit lowest in two years on Monday. 2-year note yield last 1.7 basis points lower on the day, continuing a slide this month. 10-year yields shrank for a second straight session, shedding 3.1 basis points to 3.618%, from 3.649% late on Friday.

Equities

Rate-sensitive tech stocks dipped, pulling down Nasdaq. Nvidia (NVDA.O), opens new tab and Apple (AAPL.O), opens new tab shed more than 2% each, hampered by a pessimistic report on demand for the iPhone.

MSCI index for emerging market currencies lifetime high on Monday.

Forex

DXY  fell 0.33% at 100.69. Against the Japanese yen , the dollar sagged 0.13% at 140.63.

Commodities

Gold adding 0.22% to $2,582.39 an ounce, near an all-time peak of $2,588.81.
Oil rose as the effects of Hurricane Francine kept nearly a fifth of crude oil production in the Gulf of Mexico offline.
Brent settled $1.14 higher at $72.75 a barrel. WTI clocked in at $70.09 per barrel, $1.44 higher on the day.
Index Last Change % Change
trading higher

41,622.08 +228.30 0.55%Positive
trading lower

17,592.13 -91.85 0.52%Negative
trading higher

5,633.09 +7.07 0.13%Positive
Index Last Change % Change
trading lower

36,364.16 -217.60 0.59%Negative
unchanged

17,422.12
trading higher

82,988.78 +97.84 0.12%Positive

Source: LSEG, opens new tab – data delayed by at least 15 minutes

For more news, visit reuters.com