U.S. stocks rebounded, with the Dow rising for the first time in 4 trading days as long-term interest rates and crude oil prices remained elevated. The Dow closed up $295.07 from the previous day at $53,061.95, while the Nasdaq ended at 26,217.83.
The Dow rebounded in the New York stock market on the 2nd, closing up $295.07 from the previous close at $53,061.95, while the Nasdaq finished up 118.06 points at 26,217.83. NYSE trading volume increased from the previous day to 1.17937 billion shares.
In the bond market, the U.S. 10-year Treasury yield reached 4.82% in the morning, briefly recording its highest level since November 2023, before trading around 4.80%. Crude oil prices remained near their highs, with the settlement price for the October WTI front-month contract, equivalent to its closing price, at $91.01.
Among individual stocks, NVIDIA rose 3.2%, American Express rose 1.8% and Caterpillar rose 1.7%, while Honeywell Technologies and 3M fell. Positive sentiment toward Dell Technologies' earnings also supported buybacks.