US markets reopened yesterday after being closed for a public holiday on Wednesday.
The Dow Jones Industrial Average rose by 0.8% to close at 39,134.96. In contrast, the S&P 500 fell by 0.3%, closing at 5,473.22, and the Nasdaq Composite declined by 0.8% to finish at 17,721.59.
The yield on the benchmark 10-year US Treasury bonds increased to 4.25% from 4.22% late on Tuesday.
In Asia on Thursday morning, equity benchmarks rose in Japan and Australia, while Korean shares declined. Sentiment was negatively affected by a 1% drop in the Golden Dragon index of US-listed Chinese companies.
US stock futures remained steady in early Asian trading. The S&P 500 briefly surpassed 5,500 on Thursday before losing momentum, and the tech sector driving the bull market faced pressure. The Nasdaq 100 declined after a seven-day rally, with Nvidia and Apple leading the losses among large-cap stocks.
The yen remained stable in early Friday trading after experiencing its longest losing streak since March, prompting traders to be on the lookout for potential intervention. Japan’s top currency official, Masato Kanda, stated that there is no change in his position to take appropriate measures if there are excessive currency movements.
