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Home Gold News US Stock Market Opens with Mixed Results, Bond Yields Exhibit Varied Trends

US Stock Market Opens with Mixed Results, Bond Yields Exhibit Varied Trends

by anna

The US stock market commenced the trading day with a mixture of gains and losses. The Dow Jones Industrial Average dipped by 78.79 points (-0.24%), settling at 32,850.18, while the S&P 500 exhibited a modest increase of 1.15 points (0.03%), closing at 4,167.98. On the other hand, the NASDAQ Composite experienced a decline of 17.22 points (-0.13%), concluding the session at 12,772.26.

In the bond market, US yields displayed a diverse trend. The shorter-term 2-year yield showed a rise of 3.6 basis points, reaching 5.074%. In contrast, longer-term yields witnessed a decline, with the 10-year and 30-year yields falling to 4.868% (-0.8 basis points) and 5.016% (-1.7 basis points), respectively.

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Shifting to other markets, crude oil prices experienced a marginal increase, edging up by $0.12 to reach $82.40 per barrel, while gold maintained its stability at $1,995.70 per ounce. Silver prices saw a decrease of $0.28, settling at $23 per ounce, and Bitcoin registered a slight dip, reaching $34,003.

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Market observers are looking ahead to the release of the Conference Board’s consumer confidence index for October. The index is anticipated to stand at 100.0, marking a decline from last month’s figure of 103.0 and August’s reading of 108.7.

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