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Wealth Daily 21 March 2022

WEALTH DAILY 2022-03-21
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US equities rose for a fourth consecutive day on Fri. The Dow Jones Industrial Average gained 274.17 pts, or 0.8%, to close at 34,754.93. The broader S&P 500 index rose 1.17%. The S&P 500 notched a 6.1% gain for the week.

Tech stocks led the market higher. The tech-heavy Nasdaq Composite advanced 2.05%. Nvidia (NVDA US) climbed 6.81%. Meta Platforms (FB US) gained 4.16%. Salesforce (CRM US) rose 3.99%.

The small-cap Russell 2000 gained 1.02%.

The yield on the 10-year Treasury note slipped 2.12 basis points (bps) to 2.1494%. The yield on the benchmark three-year Treasury note moved above the rate on the five-year security for the first time since Mar 2020.

The most actively traded US gold futures (Apr) contract settled down $13.90, or 0.7%, at US$1,929.30/oz. May silver, which is the most actively traded silver futures, fell 52.9 cents, or 2.1%, to end at US$25.087/oz.

The ICE dollar index (DXY), which measures the strength of the greenback against a basket of currencies, rose 0.26% to 98.233.

The front-month Brent and WTI futures closed up $1.29 at US$107.93/bbl and $1.72 at US$104.70/bbl respectively.

European equity markets finished higher last Fri. The UK FTSE gained 0.26%, France's CAC 40 rose 0.12%, while the German DAX advanced 0.17%.