Major US stock indices have now erased all declines. The gains were led by a 0.56% decline in the Dow Jones Industrial Average. The Nasdaq is now up 0.14%:
- The Dow Jones Industrial Average rose 213 points, or 0.56%, to 39,096
- The S&P index rose 16.10 points, or 0.30%, to 5,369.50 points.
- The Nasdaq index rose 23.76 points, or 0.14%, to 17,197.
US bond yields remain high with two-year bond yields rising 13.7 basis points to 4.857%. The 10-year bond yield rose by 14.5 basis points to 4.425%.
In other markets, crude oil was little changed. Gold and silver react negatively to rising yields and a stronger US dollar.
- The price of crude oil rose by $0.14 to reach $75.69.
- Gold fell by -$61 or -2.56% to $2,314.90
- Silver fell by -$1.61 or -5.18%. This is the largest one-day decline since October 2023 when the price fell by 5.19%. You will have to go back to February 2021 if the price drops
The US dollar is the strongest with gains of 1.29% against the New Zealand dollar and 1.08% against the Australian dollar as commodity prices decline.