In afternoon trading, the Dow fell approximately $170 in the New York stock market, while the Nasdaq remained in positive territory. The Dow index stood at 51878.55 and the Nasdaq at 27242.43 as trading entered its final stages. CME Nikkei futures were sharply higher, while European stocks were generally little changed.
In the New York stock market, the Dow average fell approximately $170, while the Nasdaq remained in positive territory. The Dow stood at 51878.55 and the Nasdaq at 27242.43, with the major stock indexes moving in opposite directions. The New York market has been affected by movements in U.S. Treasury yields and fluctuations in crude oil and gold, while developments in the futures market have also influenced the market as a whole.
NY crude oil futures settled at 94.22 dollars for the month, while New York gold futures showed a slight fluctuation at 4389.40 dollars per ounce. Bitcoin traded at 86534.81 dollars, or approximately ¥13.617 million in yen terms. With various indicators in the U.S. market sending mixed signals, investors appear to be closely watching interest-rate trends and inflation data.
U.S. Treasury yields were 4.741% for 2-year notes, 4.951% for 10-year notes and 5.287% for 30-year bonds, while the expected inflation rate was calculated at 2.328. Movements in Japanese and U.S. stocks have also affected the daytime futures market, and there has previously been an instance in which the Dow was down approximately $260 while the Nasdaq remained in positive territory during the 1 a.m. hour in the New York market.
CME Nikkei futures stood at 67015, up +1915, or +2.86%, versus the Osaka Exchange close, while European stocks closed generally mixed. With the Dow and Nasdaq moving in contrasting directions, markets may remain sensitive to developments in interest rates, energy and currencies.