U.S. Stock Market on Wednesday: Dow Jones, S&P 500, Nasdaq to bounce back or Wall Street crash is happening? Check important factors

U.S. Stock Market's main indexes Dow Jones, S&P 500, Nasdaq will look to bounce back and trade in green on Wednesday even as Wall Street futures were still in red in the pre-market. S&P futures were down by 0.09 per cent, Dow futures slipped 0.06 per cent, and Nasdaq futures dropped 0.10 per cent. On Wall Street, the Dow Jones Industrial Average rose 56.09 points, or ⁠0.11 per cent, to 49,760.56, the S&P 500 fell 11.88 points, or 0.16 per cent, to 7,400.96 and the Nasdaq Composite fell 185.92 points, or 0.71 per cent, to 26,088.20.





Gold Price




Gold prices were under pressure as fading hopes for a peace deal added to concerns about inflation and the prospect of higher global interest rates.




Spot gold fell 0.43 per cent to $4,713.93 an ounce. U.S. gold futures fell 0.4 per cent to $4,700.00 an ounce.

USD Dollar vs Other Currencies




Sterling weakened 0.54 per cent to $1.3533, making it one of the weakest-performing major currencies on the day.




Elsewhere in currencies, the U.S. dollar advanced for a second straight session after the economic data and amid uncertainty over the durability of the U.S.-Iran ceasefire.




The dollar index, which measures the greenback against a basket of currencies including the yen and the euro, rose 0.35 per cent to 98.31, with the euro down 0.38 per cent at $1.1737.




Against the Japanese yen, the dollar strengthened 0.31 per cent to 157.64.

Bond Yields




In the bond market, U.S. Treasury yields rose on concerns about continued energy supply disruptions in the Middle East and after data showing rising U.S. consumer prices.




The yield ‌on benchmark U.S. 10-year notes rose 4.9 basis points to 4.461 per cent, from 4.412 per cent late on Monday, while the 30-year bond yield rose 3.8 basis points to 5.0253 per cent.




The 2-year note yield, which typically moves in step with interest rate expectations for the Federal Reserve, rose 4.2 basis points to 3.989 per cent.




Rising global bond yields ​were led by a ​selloff in gilts in response to the pressure building ⁠on British Prime Minister Keir Starmer, who on Tuesday defied calls to resign.




He told ministers he would "get on with governing" despite a "destabilising" 48 hours of growing calls to set out a timetable for his departure after heavy losses in local elections.




In the UK bond market, the British 10-year gilt yield rose 0.4 basis points to 5.107 per cent while the 2-year gilt yield ​fell 0.1 basis points to 4.551 per cent.