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US Stock Indices Open Mixed, Yields Show Varied Trend

EditorVenkatesh Jartarkar
Published 31/10/2023, 14:36
© Reuters.
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Today, the US stock market opened with mixed results, with the Dow Jones Industrial Average falling by 78.79 points (-0.24%) to 32850.18, while the S&P 500 slightly rose by 1.15 points (0.03%) to 4167.98. The NASDAQ Composite also experienced a drop of 17.22 points (-0.13%) to 12772.26.

In the bond market, US yields exhibited a varied trend. The shorter-term 2-year yield increased by 3.6 basis points to reach 5.074%. However, longer-term yields displayed a decline with the 10-year and 30-year yields falling to 4.868% (-0.8 basis points) and 5.016% (-1.7 basis points) respectively.

In other markets, crude oil prices saw a slight increase, climbing $0.12 to $82.40 per barrel, while gold remained steady at $1995.70 per ounce. Silver prices fell by $0.28 to $23 per ounce, and Bitcoin dipped marginally to $34,003.

The Conference Board's consumer confidence index for October is anticipated to be at 100.0, demonstrating a decrease from last month's figure of 103.0 and August's reading of 108.7.

This article was generated with the support of AI and reviewed by an editor. For more information see our T&C.

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