Market averages on Wall Street edged lower, and the yield on Treasury notes inched higher, setting off a global bond market selloff. ConocoPhillips agreed to acquire Marathon Oil. BHP abandoned its takeover plan to acquire Anglo American.

Weaker-than-expected U.S. Treasury notes weighed heavily on the market sentiment, and the 10-year yield reached a critical 4.5% level. 

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The tech-heavy Nasdaq Composite traded at a new intraday record high after Nvidia jumped 5%. European markets lacked direction as investors anticipated an interest rate cut next week. The Shanghai authorities announced measures to support residential property market transactions. The yen remains under pressure. 

Semiconductor stocks led the market advance as investors looked forward to the release of inflation data on Friday amid ongoing interest rate jitters and worry of a pullback in consumer spending.

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U.S. major averages closed mixed after advancing in four consecutive weeks. Durable goods orders rose for the third month in a row, and non-defense capital goods orders, excluding aircraft, rebounded in April. 

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The U.S. market rally failed to broaden beyond tech stocks after Nvidia delivered knockout results, raised its current quarter sales outlook, and announced a stock split. European markets traded in a tight range, and private sector activities accelerated. China indexes declined for the second day in a row. 

Market indexes on Wall Street advanced after Nvidia's quarterly results exceeded expectations. Initial jobless claims edged lower from a 9-month high. 

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Nvidia is expected to report revenue growth of fourfold and earnings surges of fivefold in its April quarter as cloud data centers drive robust demand for its chips. 

The latest batch of quarterly earnings highlighted diverging consumer trends, with sales of luxury homes still advancing while consumers restricted discretionary item purchases. 

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U.S. benchmark indexes traded sideways as investors digested another batch of mixed earnings. European market indexes hovered near the flatline amid rate jitters. Li Auto reported a sharp decline in its quarterly earnings, dragging EV makers lower. 

Retailers were in focus after the latest batch of mixed earnings confirmed consumers are still spending but limiting purchases to basic necessities. 

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U.S. major averages advanced to new record highs after positive sentiment prevailed on Wall Street, supported by quarterly corporate results, rate-cut expectations, and artificial intelligence applications-driven information infrastructure demand. 

Benchmark indexes continued to advance in Monday's trading after rallying for four weeks in a row, and natural gas futures prices reached a new 2024 high. 

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U.S. major averages lacked direction in Friday's trading, and benchmark indexes are set to extend weekly gains of 1% and close higher for the fourth week in a row. 

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Benchmark indexes on Wall Street inched further into record territory on rate-cut optimism. European markets turned lower as investors reacted to a mixed batch of earnings. Japan's first GDP contracted more than expected as the country struggled to rebuild after a natural disaster.