The Dow Jones Industrial U.S. markets Average rose by 0.8%, closing at 39,134.96. In contrast, the S&P 500 fell by 0.3% to 5,473.22, and the Nasdaq Composite declined by 0.8% to finish at 17,721.59.
U.S. markets
The yield on the benchmark 10-year U.S. Treasury bonds increased slightly to 4.25% from 4.22% late on Tuesday.
In Asia on Thursday morning, equity benchmarks rose in Japan and Australia, while Korean shares declined. Sentiment was negatively impacted by a 1% drop in the Golden Dragon index of U.S.-listed Chinese companies.
U.S. stock futures remained steady in early Asian trading. The S&P 500 briefly surpassed 5,500 on Thursday before losing momentum, while the tech sector, which has been driving the bull market, faced pressure. The Nasdaq 100 declined after a seven-day rally, with Nvidia and Apple leading the losses among large-cap stocks.
The yen remained stable in early Friday trading following its longest losing streak since March, prompting traders to watch for potential intervention. Japan’s top currency official, Masato Kanda, reiterated his stance to take appropriate measures if there are excessive currency movements.
