[Breaking] New York Stock Market Falls on Tightening Concerns and Rising Treasury Yields... Nasdaq Down 1.17%
The major indices of the U.S. New York Stock Exchange all closed lower on the 17th (local time) as they digested corporate earnings, economic indicators, and the July Federal Open Market Committee (FOMC) minutes suggesting the possibility of further tightening. With expectations of a soft landing and strengthened forecasts of prolonged tightening, the 10-year U.S. Treasury yield surpassed the 4.3% level during the session.
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On that day, the Dow Jones Industrial Average closed down 0.84% compared to the previous session. The large-cap-focused S&P 500 index fell 0.77%, and the tech-heavy Nasdaq index ended down 1.17%.
This content was produced with the assistance of AI translation services.
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