US stocks fell, with the Dow declining for the first time in 4 days. Major indexes fell amid tensions in the Middle East and higher crude oil prices, while a rebound in long-term interest rates and currency movements affected the broader market.
Selling prevailed in the US equity market, with the Dow Jones Industrial Average ending trading down $652.82 at $52,215.16. Trading volume in the New York market also declined, and investors generally became more cautious.
In the foreign exchange market, the dollar strengthened against the yen, with USD/JPY ending around ¥156.77–¥156.87, while the dollar strengthened and the yen weakened against European currencies. Long-term interest rates rose, with the 10-year Treasury yield at 5.00% and the 30-year yield at 5.32%.
Crude oil rose sharply in the commodities market, with the closing price of the front-month WTI contract rising to $103.27. Selling prevailed in gold futures, and the December contract closed at $4,007.90, renewing its low for the first time in about 3 months.
Nikkei 225 futures fell 270 points from the Osaka close, affecting futures trading in the domestic market as well. There was growing speculation that escalating tensions in the US–Middle East situation and higher crude oil prices were weighing on the market in the short term.