U.S. stock market attempts to rebound amid expectations for this week's employment report and economic indicators

Gold price nears record high at $4,340 per ounce

NVIDIA and Tesla rise, Broadcom and Oracle continue to fall

New York stocks opened mixed on the 15th (local time), attempting to rebound on hopes for this week's employment report and inflation and other economic indicators.

Around 10 a.m. Eastern Time, the S&P500 was up 0.1% from the previous day and the Dow Jones Industrial Average also rose 0.1%. The Nasdaq Composite fell 0.1%.

The benchmark 10-year U.S. Treasury yield fell 3 basis points (1bp=0.01%) to 4.16%.

In a rotational market, small- and mid-cap stocks showed gains, with the Russell 2000 index up 0.5%.

NVIDIA was trading at $177, up 1.3%. Broadcom and Oracle, which have continued to decline since last week's earnings reports, fell 1.1% and 2%, respectively, on the day.

Tesla was trading at $477, jumping 3.9% on the day.

iRobot, the Roomba robot vacuum maker that filed for bankruptcy and announced it would delist after handing control to a Chinese company, plunged 68%.

Late last week, U.S. markets saw notable selling in technology shares as concentrated selling targeted tech stocks that had risen sharply on AI-related themes amid doubts about Broadcom's and Oracle's results.

The November nonfarm payrolls report to be released on the 16th is expected to show a cooling labor market. The report will also include October employment estimates, whose release was delayed by the federal government shutdown.

October retail sales data, delayed by the longest government shutdown in history, will also be released on the 16th, and the November consumer price index (CPI) will be released on the 18th.

Chris Lakin of Morgan Stanley's E*TRADE said, "Since the Fed is focusing more on labor-market weakness than inflation, unless it declines sharply, the employment report is more likely to be 'bad news is good news.'" He added that this is because the Fed could leave room for additional rate cuts next year.

The ICE dollar index fell 0.2% to 98.203 on the day. With the dollar weakening, precious metals like gold and silver were pushed higher, and spot gold rose to about $4,340 per ounce on the day, approaching a record high.

Peter Boockvar of The Boock Report said he expects central bank gold purchases would continue if Europe were to use frozen Russian foreign-exchange reserves to provide a €90 billion loan to Ukraine (about 155 trillion won). He analyzed that this would contribute to sustained gold price gains into 2026.

Bitcoin, which had weakened over the past weekend, rose 1.1% to $89,467 as it attempts to reclaim the $90,000 level. Ether was trading at $3,136, up 1.8%.

Kim Jeong-ah, contributing reporter kja@hankyung.com