Major New York market indicators fell, with the Dow Average down 586.43 points at 52,827.82 and the Nasdaq down 56.73 points at 26,450.26. Chicago Nikkei futures stood at ¥65,220, showing only a slight change.
In New York trading, the Dow Average closed at 52,827.82, down 586.43 points, or 1.10%, from the previous day. The Nasdaq stood at 26,450.26, down 56.73 points, or 0.21%. With major European market indexes also facing uncertainty, selling pressure on U.S. stocks intensified from the morning.
In addition to the U.S. market, CME Nikkei futures stood at ¥65,220, up 10 points from the previous day, representing only a slight change. WTI crude oil futures stood at $93.63, up $2.15, while COMEX December gold futures stood at $4,417.90 per ounce, down $58.70. Bitcoin stood at $78,443.75, down $778.88.
U.S. Treasury yields were 4.396% for the 2-year note, 4.802% for the 10-year note and 5.261% for the 30-year bond, while the expected inflation rate was 2.377%. Long-term interest rates diverged across Japan, the United States and Europe, with the 10-year rate at 2.890% in Japan, 3.366% in Germany, 5.173% in the United Kingdom and 3.806% in Canada.
As a reference value in yen, New York market indicators are displayed after converting dollar-denominated prices, and one example of a yen-converted amount was approximately ¥12,064,649.