Nasdaq opens in decline after the decline of major tech companies

The Nasdaq index opened in bearish on Monday as investors traded major tech stocks for economic growth-related equities amid growing confidence in the recovery.

The Dow Jones Industrial Average fell 58.73 A point equivalent to 0.17% at 34,739.27 points.

The Standard & Poor’s 500 index opened, in fall of 13.36 points, or 0.30%, to 4.442.12 points. The Nasdaq Composite Index fell 93.52 points, or 0.62%, to 14,954.18.

Gold prices fell today, Monday, due to soaring US bond yields and rising dollar as investors awaited statements from Federal Reserve (US Central Bank) policymakers. in seeks guidance on when to reduce the financial stimulus measures it had taken to mitigate the consequences of the pandemic.

Spot gold saw no small changes, posting $ 1750.51 an ounce, while US gold futures fell 0.1% to $ 1750.20.

Yields on 10-year US Treasuries rose to the highest level in nearly 3 months, which reduced the attractiveness of the yellow metal by increasing the cost of its holding, and the dollar went up, creating further pressure.

Read More About: Business News

Leave a Reply