Shares on Wall Street fell last Fri. The S&P 500 index fell 0.84%. The
technology-focused Nasdaq Composite dipped 1.92%. The small-cap Russell
2000 fell 2.13%. The blue-chip Dow Jones Industrial Average outperformed,
losing just 59.71 pts, or 0.17%, to close at 34,580.08.
US Treasury notes continued to slide, after a disappointing Nov jobs report. The
yield on the 10-year Treasury note slipped 10.14 basis points (bps) to 1.3430%.
In Oct, the 10-year yield had been as high as 1.77%.
Shares of DocuSign (DOCU US) sank 42.22% last Fri, as the e-signature
company’s quarterly revenue forecast missed analyst estimates. Adobe (ADBE
US, -8.24%) fell in sympathy. Adobe also offers e-signature software.
US electric vehicle manufacturer stocks fell sharply on Fri. Regulatory filings on
Thurs showed that Tesla (TSLA US, -6.42%) CEO Elon Musk sold another
US$1.01b to meet his tax obligations related to the exercise of options to buy
2.1m shares. Rivian (RIVN US, -5.51%) and Nikola (NKLA US, -4.35%) also fell.
The Invesco Golden Dragon China ETF (PGJ US, -9.32%), which tracks Chinaexposed
firms listed in the US, dropped sharply. Chinese ADRs face increasing
regulatory challenges from both US and Chinese authorities.
DiDi Global (DIDI US) fell 22.2%, after the Chinese ride-hailing firm announced
plans to delist from the NYSE and move its listing to Hong Kong.
The most actively traded US gold futures (Feb) contracts settled up $21.20, or
1.2%, at US$1,783.90/oz.
On Sat, the price of Bitcoin dropped to a low around US$43,000, down from the
US$57,000 bitcoin traded at Fri morning, according to CNBC. In early trade this
morning (Mon), bitcoin is passing at around US$49,000.
The ICE dollar index (DXY), which measures the strength of the greenback
against a basket of currencies, fell 0.04% to 96.117.
The front-month Brent futures closed up 21 cents at US$69.88/bbl, while the
front-month WTI futures closed down 24 cents at US$66.26/bbl.
European equity markets finished lower last Fri. The UK FTSE lost 0.1%,
France's CAC 40 fell 0.44%, while the German DAX retreated 0.61%.
Shares of BHP (BHP, -2.74%), Rio Tinto (RIO LN, -3.02%), Glencore (GLEN LN,
-0.78%) as iron ore prices fell on China’s steel output restrictions.