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US stock indices open mixed, yields show varied trend

EditorPollock Mondal
Published 2023-10-31, 10:34 a/m
© Pavlo Gonchar / SOPA Images/Sipa via Reuters Connect
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Today, the US stock market opened with mixed results, with the Dow Jones Industrial Average falling by 78.79 points (-0.24%) to 32850.18, while the S&P 500 slightly rose by 1.15 points (0.03%) to 4167.98. The NASDAQ Composite also experienced a drop of 17.22 points (-0.13%) to 12772.26.In the bond market, US yields exhibited a varied trend. The shorter-term 2-year yield increased by 3.6 basis points to reach 5.074%. However, longer-term yields displayed a decline with the 10-year and 30-year yields falling to 4.868% (-0.8 basis points) and 5.016% (-1.7 basis points) respectively.In other markets, crude oil prices saw a slight increase, climbing $0.12 to $82.40 per barrel, while gold remained steady at $1995.70 per ounce. Silver prices fell by $0.28 to $23 per ounce, and Bitcoin dipped marginally to $34,003.The Conference Board's consumer confidence index for October is anticipated to be at 100.0, demonstrating a decrease from last month's figure of 103.0 and August's reading of 108.7.

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