Fixed Income Market Overview
U.S. stocks saw a significant decline on Monday, despite an initial boost from a strong retail sales report. The market opened higher following the positive retail sales data and gains in some financial stocks due to favorable quarterly results. However, concerns about escalating tensions between Iran and Israel, coupled with a surge in Treasury yields, led to a reversal of gains. The Dow Jones Industrial Average fell by 0.65%, the S&P 500 lost 1.20%, and the Nasdaq Composite dropped by 1.79%. Geopolitical tensions and rising interest rates weighed on investor sentiment, with all major S&P sectors closing lower. Notable decliners included Apple, Tesla, and Salesforce. Declining issues outnumbered advancing ones by a significant margin on both the NYSE and Nasdaq.
Elon Musk postpones India trip due to ‘very heavy Tesla obligations.
Gold on track for weekly rise as Middle East risks loom.
AmEx surpasses profit estimate; small business strategy in focus.
China Forces Apple to Delete WhatsApp, Threads, Signal From Chinese App Store.
Oil prices post weekly loss as market sees limited risk of wider war after Israel strike on Iran.
Major Indicies
| Symbol | Price | Change | %Change |
|---|---|---|---|
| DJIA | 37,986.40 | 211.02 | 0.56%↑ |
| NASDAQ | 17,037.65 | -356.66 | -2.05%↓ |
| SNP 500 | 4,967.23 | -43.89 | -0.88%↓ |
| NIKKEI | 37,068.35 | -1,011.35 | -2.66%↓ |
| HIS | 16,224.14 | -161.73 | -0.99%↓ |
| VIX | 18.71 | 0.71 | 3.94%↑ |
Bonds
| Name | Yeild | CHG |
|---|---|---|
| US 10-YR | 4.63% | 0.00 |
| US 30-YR | 4.71% | -0.02 |
| US 5-YR | 4.68% | -0.01 |
| JPN 10-YR | 0.84% | -0.03 |
| UK 10-YR | 4.23% | -0.05 |
Futures & Commodities
| Name | Last | Change | %Change |
|---|---|---|---|
| WTI CRUDE | 83.14 | 0.41 | 0.50%↑ |
| NAT GAS | 1.752 | -0.005 | -0.28%↓ |
| GOLD | 2,413.80 | 15.80 | 0.66%↑ |
| SILVER | 28.84 | 0.46 | 1.63%↑ |
| COPPER | 4.498 | 0.061 | 1.37%↑ |
Equity Market Overview
Netflix
Netflix announced its cessation of reporting quarterly membership figures and average revenue per member, effective from Q1 2025, signaling a shift away from the industry’s focus on customer
acquisition. Instead, the company urges investors to assess its performance based on revenue, operating margin, free cash flow, and viewer engagement metrics. This strategic move accompanies a
forecasted slowdown in subscriber growth, attributed partly to the transition of former password-sharing users to paying customers. While this shift may unsettle investors accustomed to detailed
membership data, it underscores Netflix’s evolution from disruptor to a financially robust entity, prompting speculation on whether other media giants will follow suit in prioritizing profitability metrics over subscriber counts.
Nissan Motor
Nissan Motor revised its annual operating profit forecast down by 14.5%, now projecting 530 billion yen compared to the previous estimate of 620 billion yen, citing lower vehicle sales and various
factors. CEO Makoto Uchida attributed the decline to intensified competition in the U.S., an earthquake in Japan, and shipping disruptions in the Red Sea. Additionally, Nissan provided support to suppliers amid challenges in meeting original sales targets, separate from recent fair trade watchdog scrutiny. Despite the downgrade, Nissan anticipates a 40% increase in operating profit for the concluded financial year compared to the prior period.
