New York stock market opens with mixed movement

The New York stock market started the day with mixed movements.

At the opening, the Dow Jones index fell 58 points, or 0.2 percent, to 34,571 points. The S&P 500 index rose 0.1 percent to 4,230 points, and the Nasdaq index hovered at 13,952 points, 0.5 percent above the previous close.

Analysts stated that a mixed course was followed in global stock markets due to inflationary pressures and uncertainties regarding the future of monetary policies.

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While the US balance of payments deficit decreased to 68.9 billion dollars in April, the US 10-year bond yield was stabilized at 1.53 percent with a decrease of 4 basis points after falling to 1.52 percent, the lowest level since May 7.

On the other hand, the World Bank raised the USA’s 2021 growth forecast from 3.5 percent to 6.8 percent, and its 2022 growth forecast from 3.3 percent to 4.2 percent.


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Source: bigpara- GÜNDEM by bigpara.hurriyet.com.tr.

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