US stock markets closed on Monday with different signals. While Wall Street continued to fall after last week’s decline, the Nasdaq indexes rose slightly. The Nasdaq is often referred to as the ‘technology stock exchange’.
The focus was mainly on returns on the US bond market, as the yield on trend-setting ten-year bonds temporarily rose above five percent for the first time since 2007. When things returned to some extent, US stock markets, which had initially been weaker overall, stabilized.
At the same time, concerns about an escalation of the Gaza war remained present in the market. Moreover, towards the end of trading, the focus was already on the major US technology companies that will present their quarterly reports later in the week.
The Dow Jones Industrial Index since the beginning of the year
The Dow Jones Industrial extended last week’s 1.6 percent loss, falling another 0.58 percent to 32,936.41 points. The price closed at the lowest level since May. The market-wide S&P 500 lost 0.17 percent to 4217.04 points. The Nasdaq 100 index, which consists mainly of technology stocks, rose 0.30 percent to 14,604.85 points. (sda/dpa)
Soource :Watson
I am Amelia James, a passionate journalist with a deep-rooted interest in current affairs. I have more than five years of experience in the media industry, working both as an author and editor for 24 Instant News. My main focus lies in international news, particularly regional conflicts and political issues around the world.
