US Treasury Yields Fluctuate Again... New York Stock Market Ends Mixed (Update)

[Image source=Reuters Yonhap News]

[Asia Economy New York=Correspondent Baek Jong-min] The US Treasury yields surged again, causing the New York stock market to show mixed results. E-commerce company Coupang closed slightly lower on the second day of trading on the New York Stock Exchange.

On the 12th (local time), the Dow Jones Industrial Average rose 293.05 points (0.9%) to close at 32,778.64, the S&P 500 increased by 4.0 points (0.1%) to 3,943.34, and the Nasdaq fell 78.81 points (0.59%) to close at 13,319.86.

While the Dow and S&P 500 set all-time closing highs, the Nasdaq had to be content with recovering a significant portion of its intraday losses.

The New York stock market was influenced by the US 10-year Treasury yield rising to 1.63% before the opening bell.

The US Treasury yield had declined after the previous day’s bond auction concluded, but turned stronger again and hit a yearly high after President Joe Biden signed the $1.9 trillion stimulus bill a day earlier than scheduled.

On a weekly basis, the Dow rose about 4.1%, the S&P 500 about 2.6%, and the Nasdaq about 3.1%.

By individual stocks, Apple fell 0.76%, and Tesla’s stock price dropped about 0.84%. Coupang, which was listed the day before, closed down 1.58% at $48.47.

Economically sensitive Boeing soared 6.8% thanks to large-scale orders.

West Texas Intermediate (WTI) crude oil prices closed down $0.41 (0.6%) at $65.61 per barrel.

This content was produced with the assistance of AI translation services.