Dow Jones closes at 6-session low, treasury yields up
US stock indices declined on Thursday, as Treasury yields rose following renewed inflation concerns, driven by higher oil prices due to geopolitical tensions and the potential impact of a strike by maritime port workers.
The Dow Jones Industrial Average declined 0.45%, or 184 points, to reach 42,011 points, the lowest close since Sept. 25 (41,914).
S&P 500 edged down 0.15%, or 9 points, to 5,699 points. The Nasdaq Composite was unchanged at 17,918 points.
As for the European indices, STOXX Europe 600 inched down 0.95% to 516.2 points, the lowest close since Sept. 20 (514,2).
FTSE 100 lost 0.1% to 8,282 points. CAC 40 dropped 1.3% to 7,477 points. Germany’s DAX 40 shed 1.3%, to 7,477 points.
In Japan, the Nikkei 225 added 1.95%, or 743 points, to 38,552 points. TOPIX also gained 1.20%, to 2,683 points.
Brent crude prices for December delivery rose by 5%, or $3.72, to $77.62 a barrel.
Meanwhile, US WTI (Nymex) crude futures for November delivery increased by 5.15%, or $3.61, to $73.71 a barrel.
As for gold, the prices of the yellow metal futures for December delivery increased by 0.35%, or $9.5, to $2,679.2 per ounce.
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