Rising bonds pressure Wall Street indices…and gold returns to gains. By Investing.com

© Reuters.

Investing.com – Wall Street’s main indices were mixed during these moments of trading on Wednesday, as investors awaited more data for clues about the timing of interest rate cuts by the Federal Reserve.

At the same time, gold prices returned to gains during today’s trading after witnessing a sharp decline at the end of yesterday’s trading due to surprising US inflation data.

Read also:

Yields on US Treasuries rose, putting pressure on major interest rate-sensitive companies such as Nvidia Group (NASDAQ:), Meta (NASDAQ:), and Apple (NASDAQ:), which lost between 0.9% and 2.9%.

The 10-year yield rose 0.44% to 4.174%. While the two-year return rose by about 0.18% to 4.607%.

Chip stocks like Advanced Micro Devices (NASDAQ:) and Broadcom (NASDAQ:) also fell, leading to a 1.7% decline in the Philadelphia Semiconductor Index (NASDAQ:).

The Technology sector ( ) led the sectoral declines, falling 1.2%, while the Energy sector ( ) added about 1.8%, tracking higher .

Among other stocks, Lucid Motors (NASDAQ:) rose by 0.9%, Canon (OTC:) fell by about 2.5%, while Nio (NYSE:) fell by about 0.4%.

Read also:

The S&P 500 rose to a new record high on Tuesday as Oracle (NYSE:) shares rose amid slightly hot consumer price data failing to dampen hopes for interest rate cuts in the coming months.

While the central bank is widely expected to hold interest rates in March, traders now see a 65% chance of a first cut in interest rates in June, the US interest rate tracking tool available on Investing Saudi Arabia showed.

More US data is scheduled to be announced before the Fed’s meeting next week, with the Producer Price Index report to be released on Thursday, with the preliminary reading of the “Michigan” index on consumer confidence and their inflation expectations announced on Friday.

Read also:

Wall Street indices at 18:00 Saudi time

It now rises by 0.35% to the level of 39,140 points.

It is now falling by about 0.14% to the level of 5,167 points.

It is now declining by 0.56%, to 16,172 points.

Markets at 18:00 Saudi time

It is now rising by 0.36% to $2,174 an ounce.

It rose by about 0.48% to the level of $2168 per ounce.

On the other hand, it declines by about 0.12% to the level of 102,430 points.

Meanwhile, crude futures rose 1.8% to 83.4 per barrel.

While US West Texas Intermediate crude futures rose by about 1.9%, to $79 per barrel.


For less than 9 dollars..Use sapro2 coupon and get an extra discount when you subscribe to InvestingPro or InvestingPro+ for a year or two. Don’t miss your chance to join thousands of investors and traders on the InvestingPro platform.

To subscribe Press here And use sapro2

To learn more about InvestingPro tool from here

If you encounter any problem using the coupon, you can contact support immediately from here


Warning: Please note that all price forecasts or analyzes contained do not represent a purchase invitation and belong to its owner, and the Investing website does not bear responsibility for any decisions made on the basis of them. Please be aware that the field of trading is a high-risk field, so be careful before making any decision and any action you take regarding the information you find on this website (Investing Saudi Arabia) is entirely at your own risk. Investing Saudi Arabia will not be liable for any losses and/or damages in connection with the use of our website.

ظهرت في الأصل على sa.investing.com

Leave a Comment