24 Hrs
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المشهد العربي
US stocks react to bond yield rises
The main indicators of the Wall Street stock exchange showed mixed performance due to rising U.S. government bond yields, with the 10-year bond yield surpassing 5.3%. This occurred despite decreasing expectations of interest rate hikes by the central bank, as inflation slowed and the labor market remained weak. The Dow Jones index declined by 0.25%, while the S&P 500 increased by 0.20%, and the Nasdaq rose by 0.45%. Japanese stocks also saw an uptick, and cryptocurrencies climbed by 1%, with Bitcoin crossing the $86,000 mark. Oil prices fell due to reduced concerns over supply shortages.
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