Dow, Oil, US Gold Close
On February 27, 2021 at 6:52 a.m.
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Dow Jones closes 469.64 on inflation worries – Bond Yiel surges. Oil prices closed down $ 2.03, while gold fell $ 46.6.
The Dow Jones Industrial Average closed at 30,932.37 points, 469.64 or -1.50%, the S&P 500 closed at 3,811.15, 18.19 or -0.48%, and the NASDAQ closed at 13,192.34, a 72.91 increase, or + 0.56%
The Dow Jones New York Stock Exchange closed more than 400 points on Feb. 26.Investors continued to sell their shares amid fears about inflation and US bond yields, which rose near their highs in the round. The US 10-year Treasury yield slipped to 1.451% after rising 1.614% on Thursday. It has hit hard on markets and technology stocks, which are extremely sensitive to rising bond yields. This is because share value depends on future performance, which will be impacted when interest rates rise.
West Texas crude contract Inter Media or Lite Sweet Crude for April delivery fell $ 2.03, or 2.3 percent, to $ 61.50 a barrel. But the market closed 3.8% this week and closed the entire February market. Almost 18% increase
Brent crude oil (BRENT) for April delivery, which was due for delivery, fell 75 cents, or 1.1 percent, to $ 66.13 a barrel. But this week’s close rose 5.1% and closed in February up more than 18%, while Brent crude for May delivery. It was down $ 1.69, or 2.6 percent, to $ 64.42 a barrel.
Crude oil has been pressured by a stronger dollar.
Comex market gold price, delivery month, April It was down $ 46.6, or 2.62 percent, to $ 1,728.8 an ounce. Which is the lowest closing level since June 2020
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