After the losses of government bonds, most US stock indexes go up

Written by: Mustafa Mahmoud

Most US equity indices rose at the end of Wednesday's trading session, after net trading losses and a sharp decline in government bond yields.

The Dow reduced its losses by more than 580 points to close slightly lower.

The Wall Street decline faces fears of a slowdown in global economic growth, due to lower yields on 10-year US Treasury bonds, which fell to its lowest level since 2016.

This has resulted in a reversal of US bond yields at the peak since 2007, raising fears of an economic recession.

The Chinese central bank on Wednesday set the yuan's benchmark rate at a lower than expected level, after the US officially accused Beijing of handling the currency.

Trade tensions between China and the United States have recently intensified, with Washington planning to impose tariffs on the rest of China's imports starting next month.

In closing, the Dow Jones Industrial Average Index fell 0.09%, or 22 points, to 26007

The Standard & Poor's rose by 0.08% to 2883 points and the Nasdaq by 0.4% to 7,862 points.

The US dollar index, which tracks the currency's movement against six major currencies, remained stable at 97.611.