Overview
- Greenback strengthened after the government funding deal ended a brief shutdown and a firm ISM services reading offset a softer ADP payrolls print.
- U.S. software and services shares extended steep recent losses tied to AI disruption worries following Anthropic’s plug-ins, while value stocks outperformed and chipmakers slid after weak earnings.
- Gold and silver recovered part of last week’s plunge, with silver outperforming, though intraday rallies faded as the dollar firmed and traders reassessed rate risks tied to Warsh.
- Oil notched a second day of gains as Washington and Tehran differed over the scope of planned Oman talks and after the U.S. shot down an Iranian drone, underscoring supply risk.
- Treasury yields edged higher, dollar gains versus the yen persisted ahead of Japan’s election, and bitcoin fell again, marking six declines in seven sessions.