"All four of the major U.S. indices finished the day lower, with the Nasdaq closing down 1.74% at 24,548. Both the Dow Jones Industrials and the S&P 500 closed down 1.48%, at 47,746 and 6,681, respectively. The small-cap Russell 2000 took the biggest hit on Thursday, finishing the session at 2,488, down a whopping 2.12%."
"Once again, rates were higher across the entire yield curve for the identical reasons we noted on Wednesday. Dollar strength, approaching inflation concerns, and worries over the ongoing war weighed on prices, driving yields to five-week highs. The 30-year-long bond closed trading on Thursday at 4.88%, while the benchmark 10-year note was last seen at 4.26%."
"Brent Crude closed trading at $101.30, up 10.11%, while West Texas Intermediate finished the day at $96.38, up 10.46%. Natural gas closed the session at $3.24, up 1.09%."
All four major U.S. indices finished lower Thursday, with the Nasdaq declining 1.74% to 24,548, the Dow Jones and S&P 500 each falling 1.48% to 47,746 and 6,681 respectively, and the Russell 2000 dropping 2.12% to 2,488. Treasury yields rose across the entire curve to five-week highs, driven by dollar strength and inflation concerns. Oil prices surged significantly, with Brent Crude up 10.11% to $101.30 and West Texas Intermediate up 10.46% to $96.38, while natural gas rose 1.09% to $3.24. Precious metals experienced profit-taking, with gold declining 1.87% to $5,078 and silver falling 2.20% to $83.74.
Read at 24/7 Wall St.
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