- The US stock market is showing post-holiday weakness today, with more significant losses seen across all major indices. The S&P 500 is down 1.5%, the Dow Jones has dropped 1%, and the Nasdaq 100 is losing around 1.8%.
- Weakness is particularly visible in the Magnificent Seven. All seven Big Tech stocks are declining, with Tesla taking the largest hit, falling nearly 5%. Apple, after nearing the $4 trillion market cap threshold, is also down, losing 1.6%.
- Stocks related to quantum computing technologies continue their rally. Rigetti Computing leads the gains, rising more than 14% and reaching a new all-time high.
- US 10-year Treasury yields broke above the 4.6% barrier. The movement in yields has pushed bond prices to their lowest levels since late May. If yields exceed 4.62%, they will approach the highest levels seen since the April peaks, which were also the highest this year.
- In European markets, there’s a bit more optimism. The post-holiday rebound is visible in the CAC40, which is up 1%, the Swiss SMI, gaining 0.9%, and the German DAX, which is up 0.7%.
- Spain reported significantly weaker retail sales growth in November than expected. Year-over-year sales increased by 1% (forecast: 3%, previous: 3.5%).
- The cryptocurrency market had a mixed session. Bitcoin fell below 94,500 (-1.15%) despite renewed positive inflows into Bitcoin ETFs (+$469 million). Solana also dropped (-1.25%), while Ethereum managed to post gains (+0.8%).
- Among G10 currencies, the Swedish krona (SEK spot: +0.4%) and the British pound (GBP spot: +0.32%) are the strongest today. The US dollar is seeing only slight corrections (USDIDX: -0.09%), while the Canadian dollar is down 0.15%, pressured by recent remarks from Donald Trump suggesting Canada could become a US state to avoid tariffs.
- Gains are predominant on the commodities market, with volatility driven mostly by the EIA report release. NATGAS is up 0.8%, OIL.WTI adds 1.3%, and OIL contracts are trading 1.2% higher.
- Crude oil inventories fell much more than expected last week (-4.24 million barrels; forecast: -600k; previous: -934k).
- Weekly natural gas inventory changes came in below forecasts (-93 billion cubic feet; forecast: -99 billion; previous: -125 billion).
- Japanese economic data points to an environment supporting a potential rate hike scenario. CPI inflation rose to 2.4% (compared to 2.2% in the previous month), while the unemployment rate remained unchanged at 2.5%.
- All major precious metals are weak today. Gold contracts are down over 0.5%, silver is losing nearly 1.3%, and platinum leads the declines, falling by 1.7%.
Chart of the day 📈Bitcoin rebounds above $76k trying to reverse the trend (21.04.2026)
GBPUSD slightly up after stronger than expected UK labour market data
Morning wrap: Wall Street gains amid hopes of renewed US–Iran talks🗽
USA Rare Earth Acquires Key Brazilian Rare Earth Metal Mines ⛏️
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