Dow Jones declines for 6th consecutive day

S&P 500 dives to new lowest level this year

Övünç Kutlu   | 12.05.2022
Dow Jones declines for 6th consecutive day


The Dow Jones closed lower on Thursday, declining for the sixth consecutive trading day, as the selloff in US stock exchanges continues.

The blue-chip index lost 103, or 0.33%, to finish at 31,730 points. It lost 6.8% since last Wednesday when the Federal Reserve made a rate hike of 50 basis points.

The S&P 500 fell 5 points, or 0.13%, to end the day at 3,930 -- a new lowest level for this year.

The Nasdaq, on the other hand, rose 6 points, or 0.06%, to close at 11,371.

Although the VIX volatility index, also known as the fear index, fell 2% to 31.91, the dollar index rose 0.94% to 104.82.

The 10-year US Treasury yield declined 1.4% to 2.871%.

Precious metals reversed course from gains in recent days. Gold declined 1.6% to $1,822 and silver lost 4.1% to $20.68.

Crude oil prices gained slightly. Global oil benchmark Brent crude was trading at $108.06 for a 0.5% daily gain, while the US benchmark West Texas Intermediate (WTI) was at $106.75 – a 1% increase.

Price of Bitcoin dipped to $26,700 earlier Thursday and it was trading around $28,500 at 4.10 p.m. EDT for a daily loss of 2.5%. Total value of crypto market lost 4.3% to $1.22 trillion for the day.

Anadolu Agency website contains only a portion of the news stories offered to subscribers in the AA News Broadcasting System (HAS), and in summarized form. Please contact us for subscription options.
Related topics
Bu haberi paylaşın