Dow, Nasdaq Rise as Bond Yields Decline


The recent selloff in the stock market has shown signs of slowing down, thanks in part to a slight decline in bond yields. Market sentiment remains cautious, with experts hoping for positive data surprises. However, for now, it seems that the market will continue to face challenges until morale improves. Stock indexes such as the S&P 500, Nasdaq Composite, and Dow Jones Industrial Average saw little change, reflecting the uncertain mood.

Meanwhile, Treasury yields saw a slight decrease, with the 10-year yield pulling back from its recent peak to 4.515%. This retreat came after hitting its highest level since October 2007. On the other hand, the rally of the US dollar persisted, as indicated by the WSJ Dollar Index’s marginal increase against a basket of currencies. The index had been on a six-day consecutive rise up until Tuesday. As fear started to rise in the market, the Cboe Volatility Index, also known as the VIX or Wall Street’s fear gauge, retreated from a high of 19.50. Typically, a reading above 20 signifies an increase in fear among investors.

Additionally, oil prices saw an increase due to ongoing supply concerns. Brent crude, an international benchmark for oil, climbed close to $94 a barrel. This rise in oil prices had a positive impact on energy stocks. While Europe’s stock indexes saw a slight uptick, most Asian ones experienced gains. Overall, these developments reflect a mixed market sentiment and highlight the fragility of the current economic landscape.

Source link

Share post:




More like this

Google Messages reaches 1 billion RCS users, introduces 7 new features for celebration.

Google has reached a milestone with 1 billion monthly...

Obscure Samurai Shodown RPG now available to play in English.

The iconic retro gem, "Shinsetsu Samurai Spirits: Bushido Retsuden,"...

S.T.A.L.K.E.R 2: Heart of Chornobyl Official Strider Trailer on GameSpot

The highly anticipated game S.T.A.L.K.E.R 2: Heart of Chornobyl...

Top and Bottom Camera and Lens Picks for 2023 – PetaPixel

The article discusses the best and worst cameras and...