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Dow, S&P 500 Futures Fall As 10-Year Yield Nears 5.2% - Trump-Xi Dinner With Big Tech CEOs In Spotlight
Yahoo Finance • • business
Key Points:
- Iranian President Masoud Pezeshkian stated that the U.S. holds the decision to end the conflict with Iran, emphasizing that Iran does not wish to continue the war.
- U.S. long-term Treasury yields surged, with the 10-year yield reaching 5.192% and the 30-year at 5.479%, amid economic uncertainties and a $6 billion Treasury bond buyback program aimed at supporting market liquidity.
- Oil prices remained above $100 per barrel, with Brent crude at $105.87 and WTI crude at $93.20, fueling inflation concerns.
- Notable stock movements included AMD hitting a 52-week high on AI optimism, BlackBerry beating earnings estimates and raising revenue outlook, Intel gaining interest due to Meta's Muse launch, and Moderna extending a rally supported by CEO optimism.
- Asian markets opened mixed, with South Korea and Japan trading higher, while China and Australia opened lower; U.S. ETFs showed mixed performance with gains in S&P 500 and Nasdaq trackers but declines in Dow Jones ETFs.
