[Breaking] Mixed Close on First Trading Day of August in New York Stock Market... Nasdaq Down 0.43%
The three major indices of the U.S. New York Stock Exchange closed mixed near the flat line on August 1st (local time), the first trading day of the month, as investors monitored corporate earnings and key indicators. While expectations for a soft landing that can reduce inflation without a recession continue, profit-taking following the July rally was also observed.
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On that day, the Dow Jones Industrial Average rose 0.2% from the previous close. In contrast, the large-cap-focused S&P 500 index fell 0.27%, and the tech-heavy Nasdaq index closed down 0.43%. In the New York bond market, the benchmark U.S. 10-year Treasury yield surpassed 4%.
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