CoinInsight360.com logo CoinInsight360.com logo
America's Social Casino

crypto.news 2025-05-14 13:50:23

Dow, S&P, Nasdaq all open higher as stocks eye gains

U.S. stocks were looking to extend recent gains after the S&P 500 erasing its year-to-date losses. The S&P 500 opened 0.24% up, while Dow Jones Industrial Average opened 0.2% higher. Nasdaq on the other hand, edged higher with 0.38% at open. U.S. consumer price index data, coupled with positive vibes around the U.S.-China deal, had seen stocks climb on Tuesday, May 13. As the gains across equities cascaded into other risk assets, the benchmark index S&P 500 saw its year-to-date losses evaporate. The Dow Jones Industrial Average, which had slipped on Tuesday, also edged up. Investor bullishness also had the Nasdaq index gaining, with tech stocks enjoying an uptick in sentiment. Nvidia’s major gains drove the tech heavy index up. The upbeat open is Wall Street signaling continued optimism as tariffs and inflation concerns fade. You might also like: DOW Jones drops despite broader rally, as healthcare stocks tank on Trump’s order Gold prices fell amid the broader market rally, while the U.S. dollar extended its decline for a second consecutive day. The cooling of trade war tensions and easing inflation fears contributed to the dollar’s weakness. Meanwhile,U.S. Treasury yields also edged lower. The 10-year Treasury yield dropped by 1 basis point to 4.489%, while the 2-year yield declined to 4.013%. According to Kelsey Berro, fixed income portfolio manager at JPMorgan Asset Management, the market has repriced the yield curve’s front end. “One of the reasons why yields should be more range-bound here, is that while Fed rate cuts have been pushed out, we’re still a long way away from thinking about Fed rate hikes,” Kelsey Berro of JPMorgan Asset Management, told CNBC. In addition to the CPI report and U.S.-China trade truce, investors will continue to monitor developments from the ongoing earnings season for further clues about market direction. You might also like: UBS: Wealthy clients are shifting away from U.S. dollar-based assets and turning to gold and crypto

Read the Disclaimer : All content provided herein our website, hyperlinked sites, associated applications, forums, blogs, social media accounts and other platforms (“Site”) is for your general information only, procured from third party sources. We make no warranties of any kind in relation to our content, including but not limited to accuracy and updatedness. No part of the content that we provide constitutes financial advice, legal advice or any other form of advice meant for your specific reliance for any purpose. Any use or reliance on our content is solely at your own risk and discretion. You should conduct your own research, review, analyse and verify our content before relying on them. Trading is a highly risky activity that can lead to major losses, please therefore consult your financial advisor before making any decision. No content on our Site is meant to be a solicitation or offer.