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Benchmark 10-year US Treasury yields hit their highest level since February 20 & nbsp | & nbspPhoto credit: & nbspAP
Dow closed at an all time high on Tuesday. It was the 8th Dow record this year. The index hit an intraday record high as Salesforce shares surged. The S&P 500 fell 0.06% during a volatile trading session. The Nasdaq plunged 0.34%. Apple had the most negative impact on the High Tech Index, sliding 1.6%. Elon Musk’s SpaceX raised $ 850 million, bringing the valuation to around $ 74 billion.
The 10-year Treasury yield jumped 9 basis points to 1.3%, a level not seen since February 2020. The 10-year Treasury yield stood for the last time at 1.3276%. Stock index futures were slightly lower in overnight transactions. Dow futures fell 40 points, S&P futures fell 0.23%, Nasdaq 100 futures fell 0.33%.
Asia-Pacific stocks were lower in Wednesday morning trading. In Japan, the Nikkei 225 index slipped 0.76% at the start of trading. The Topix index lost 0.17%. Japanese exports rose 6.4% in January from a year earlier. The South Korean Kospi fell 0.94%. Stocks in Australia fell as the S & P / ASX 200 fell 0.44%
European markets closed on Tuesday in a mixed manner. Eurozone GDP fell less than expected in the last quarter of 2020, indicating a contraction of 0.6%. Shares of TechnipFMC spin-off Technip Energies climbed 41% to lead the Stoxx 600 on their first day of trading in Paris. The Stoxx 600 ended the session slightly below the flat line
Oil prices rose Tuesday as a cold front closed wells and refineries in Texas. Brent crude slipped 22 cents to $ 63.08 a barrel. WTI crude futures gained 54 cents, or 0.9%, to $ 60.01 a barrel
Gold prices fell as much as 1.7% on Tuesday due to rising US Treasury yields. Spot gold fell 1.2% to $ 1,796.50 an ounce. US Gold Futures Stabilized 1.3% at $ 1,799.00
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