CAT

U.S. equity markets sold off sharply on June 10, with the S&P 500 down 1.5% and Nasdaq down 1.8%, as in-line May CPI (+4.2% y/y) failed to provide lasting relief amid escalating U.S.-Iran tensions and weakness in tech. Nvidia fell 3.3% and Tesla 3.7%, while Caterpillar dropped 6.2%; gold broke below March lows, sinking $172 to $7,280, its worst level since November. WTI crude rose $2.25 to $90.46, and the Bank of Canada held rates at 2.25% as expected while flagging oil price spillover risks.

China announced a sweeping trade package including a commitment to purchase 200 Boeing jets (with US engine, parts, and supply guarantees), a review of rare earth export licences for civilian use, and reciprocal tariff cuts targeting at least $30 billion of goods on each side. The deal also includes restoration of US beef exporter registrations and an extension of the Kuala Lumpur trade arrangement, with formal bilateral trade and investment boards to be established. The Boeing order would rank among the largest single purchases in the planemaker's commercial history, representing a major re-entry into the Chinese market after years of exclusion.

A daily FX/markets wrap covering May 7 sessions: the US Dollar Index edged up 0.17% to 98.193 as major equity indices pulled back — S&P 500 -0.38%, Dow -0.63%, Nasdaq -0.13% — snapping recent record-close streaks. Fed speakers (Hammack, Daly, Williams) leaned hawkish, emphasizing patience and inflation risks amid Iran-related geopolitical uncertainty, while ECB's Schnabel warned of hard-to-reverse economic damage from the Iran conflict. Notable individual movers included Datadog (+28%), Fortinet (+15%), Shake Shack (-~30%), Caterpillar (-3.37%), and JPMorgan (-2.74%).

U.S. equity markets were mixed on April 15, 2026, with the Nasdaq-100 and S&P 500 posting modest mid-day gains while the Dow Jones fell 0.5%. Tesla rose 6.1% on bullish analyst commentary and custom chip developments, while Bank of America beat Q1 earnings expectations with muted price reaction. Goldman Sachs experienced a significant price swing that weighed on the Dow due to its heavy index weighting.