US Stock Indexes Lower as Mixed Earnings and Rising Yields Impact Market


Summary: Wall Street experienced a decline as major US companies reported varied profits, while rising Treasury yields added further pressure to the stock market. Concerns over Middle East war also weighed on investor sentiment.

On Wednesday, the S&P 500 dropped by less than 1.3%, and the Dow Jones Industrial Average fell by 1%. Additionally, the Nasdaq composite declined by 1.6%. The market was impacted by a deadly explosion in the Gaza Strip, causing crude oil prices to rise. Meanwhile, gold continued to increase as investors sought safer options. The 10-year Treasury yield reached its highest level since 2007. For the week, the S&P 500 declined by 0.3%, the Dow dropped slightly, by less than 0.1%, and the Nasdaq decreased by 0.7%. However, the Russell 2000 index saw a 0.5% gain. On a yearly basis, the S&P 500 rose 12.4%, the Dow increased by 1.6%, the Nasdaq surged by 27.2%, and the Russell 2000 dipped by 1.8%.

Tags: US stock indexes, earnings reports, Treasury yields, Middle East war, crude oil prices, gold, investors, market sentiments, Gaza Strip explosion, yearly performance