Market Snapshot: Dow ends lower as climb in Treasury yields resumes, oil and dollar rises

by | Sep 27, 2023 | Stock Market

U.S. stocks closed mostly higher Wednesday after a volatile trading session, as investors weighed climbing Treasury yields, the impact of rising oil prices on inflation, the possibility of a government shutdown, an autoworkers strike and resumption of student loan repayments. How stocks traded
The Dow Jones Industrial Average
closed down 68.61 points or 0.2%, at 33550.27

The S&P 500
ended up 0.98 point or 0.02%, to 4274.51

The Nasdaq Composite
rose 29.24 points or 0.2%, to 13092.85

On Tuesday, the Dow industrials fell 388 points, or 1.14%, to end at 33,619, suffering its largest one-day point and percentage decline since March 22, according to Dow Jones Market Data. The S&P 500 declined 1.5%, to 4,274, while the Nasdaq Composite dropped 1.6%.

What drove markets The Dow Jones Industrial Average closed lower Wednesday, while off session lows, following positive economic data release from the Commerce Department, which showed orders for long-lasting or durable goods rose a strong-than-expected 0.2% in August and briefly boosted market sentiment in the early morning trade. Economists polled by the Wall Street Journal had forecast a 0.5% decline. Durable-goods orders minus defense orders actually fell 0.7% last month, but …

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