Stocks Climbed Higher

STATE OF THE MARKETS

Stocks climbed higher. US stocks extended their rebound on Wednesday as traders leaned back into AI and growth stories ahead of Nvidia’s highly anticipated earnings report after the close. The S&P 500 added about 0.81% to finish just above the 6,915 mark, nudging to a fresh two‑week high, while the Nasdaq Composite outperformed with gains of roughly 1.26% as big‑cap tech and chip names stayed in demand. The Dow Jones Industrial Average also advanced 0.63%, helped by strength in select technology and communication‑services components, keeping the major indices on track for a positive week after the earlier tariff‑ and AI‑driven shakeout.

In the commodity markets, crude oil consolidated near recent highs as competing forces of heavy inventory builds and escalating Iran risk kept prices pinned in a tight but elevated range. West Texas Intermediate briefly tested an intraday high around 67.28 dollars per barrel before settling back into the 65.80–66.00 zone, with traders reluctant to push prices much lower despite a sizable domestic oversupply given the looming Geneva summit. Gold traded sideways to slightly softer as the combination of firmer equities and a resilient dollar dulled immediate haven appeal, though prices continued to hold near elevated levels amid persistent macro and geopolitical uncertainty. Industrial metals were mixed, with copper and related base metals caught between support from the improved risk tone and headwinds from higher energy prices and still‑uneven global growth signals, leaving trend followers cautious about committing to a decisive new leg either way.

In the FX space, the Dollar Index hovered in the upper‑97s and was on course to close February on a firmer note, supported by still‑solid US data, a relatively hawkish Fed tone, and lingering geopolitical and tariff uncertainty that preserved steady haven demand for the greenback. Commodity‑linked currencies such as the Canadian dollar and Australian dollar drew some underlying support from still‑elevated crude prices, yet broad dollar firmness and lingering tariff and geopolitical risks limited the scope for a sustained recovery in high‑beta FX. European currencies remained mostly range‑bound against the greenback, with the Euro and Sterling constrained by their own growth and policy challenges and struggling to make headway while US data and yields remain comparatively robust. Safe‑haven demand for the Swiss franc stayed relatively subdued as the day’s tone in equities skewed risk‑on, leaving the Dollar and gold as the primary macro hedges.

G8 CURRENCIES SENTIMENTS

** ST refers to Short-Term daily turnover, MT is Medium Term weekly 
and LT refers to Long-Term monthly turnover.

WALL ST. TOP FIVE INFLOWS

** tickers with total inflows but block orders outflows are not included

WALL ST. TOP FIVE OUTFLOW

** tickers with total outflows but block orders inflows are not included

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