Dow Jones, S&P 500, Nasdaq: Wall Street starts in the red – Nvidia stock gains
Rising oil prices and increasing yields on US government bonds continue to weigh on sentiment on Wall Street. Investors are waiting for several dates during the trading week.
US stock market indexes fell at the start of the new trading week, with the Dow Jones down 0.7% to 51,483, S&P 500 down 0.6% to 7,701, and Nasdaq down 0.6% to 26,904. Oil prices rose, with Brent and WTI up 1.5% and 2%, respectively, after US President Donald Trump rejected Iran's proposal to reopen the Strait of Hormus. This led to increased inflation concerns, causing the yield on 10-year US Treasuries to rise to 5.2%, its highest level since June 2007.
Gold and other precious metals fell, with gold down over 3% to $4,141 per ounce, as investors expect further interest rate hikes by the Federal Reserve.
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.
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