US stock exchanges: Wall Street largely in the plus - waiting for Fed minutes
Oil prices are climbing to a three-week high due to the continued tense situation in the Middle East, fueling inflation concerns. However, another development is calming the markets.
US stocks start the mid-week trading with slight optimism. The Dow Jones index opens 0.5% higher at 53,629 points, while the S&P 500 gains 0.5% to 7,727. The Nasdaq index remains largely unchanged at 26,322 points. The US government has responded to rising bond yields by doubling its debt buyback program to at least $4 billion, aiming to lower long-term borrowing costs. This move has pushed bond prices up and reduced yields, which had reached 5.34% for 30-year bonds, their highest level in nearly 20 years.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
