Market Overview USA Market Start, Dow Jones Industrial Average, composed of excellent stocks, opened at 37,847.21, up 93.90 dollars, with the NASDAQ Composite Index, which has a high proportion of technology stocks, starting at 15,705.69, up 22.32 points. The S&P 500, composed of 500 large cap stocks in the USA, closed at 5,031.52, up 9.31 points.
Top news of individual stocks G7 reaffirmed in a statement their recognition that excessive exchange rate fluctuations have a negative impact on the economy. The G7 confirmed in a joint statement during the finance ministers and central bank governors meeting in Washington on the 17th local time, that excessive fluctuation in exchange rates adversely affects the economy. There are views that Japan, facing rapid depreciation of the yen, could use exchange intervention as a "get-out-of-jail card" to defend its domestic currency.
US 10-year bond yields may reach 5%, facing the risk of massive stop-loss selling - Vanguard. The US bond market is approaching levels that could trigger massive selling, with the possibility of 10-year bond yields reaching 5%, according to Vanguard. Ares Kutony, Vanguard's Head of International Interest Rates, expressed in an interview, 'We are in a dangerous zone right now.' Even a slight increase in yield beyond the important level of 4.75% could force investors holding positions expecting price increases to unwind, potentially leading to a wave of selling pushing yields back up to the high levels of 2007.