US Market Signals: Dow Rises for 7th Consecutive Day with a 55-Point Gain
Zee Business Video Team | Updated: November 8, 2023 10:42 AM IST
Signals from American markets... Dow rose for the 7th day with a slight gain, closed 55 points higher... S&P 500 and Nasdaq had the longest rise in 2 years... Apple rose by 1.5%, Amazon up by 2%. .. Falling bond yield also supported the market... 10 year bond yield slipped to 4.56%... Market bullish despite the tough tone of Fed members... Rates may increase further to reduce inflation: Michelle Bowman... Statement of 3 more members, the cycle of increasing rates is not over yet... Today the market will keep an eye on Jerome Powell's statement... Crude Oil fell to the lowest level in three and a half months... 4.5 yesterday Brent near $81 with heavy fall of 1%... Biggest intraday fall in 1 month... #gold 2 weeks, #silver 1 week low
