US equities are trading mixed after Wall Street\u2019s opened two hours ago. The losers are the S&P 500 and the Dow Jones Industrial Average, each losing between 0.15% and 0.49%, sitting at 4537.05 and 34,691.34, respectively.
The gainer is the heavy-tech Nasdaq Composite gaining 0.25% at 14,787.13 around 15:33 GMT. The market risk appetite was affected by \u201cfear\u201d of a deceleration of the Chinese economy once China was hit by an outbreak of the Covid-19 Omicron variant.
The Russia \u2013 Ukraine conflict peace talks languished as Russia continued its offensive. At the same time, the USD gains, underpinned by the Federal Reserve, as market participants expect a 50 bps increase in the May meeting by the US central bank, as US Treasuries yields keep advancing.
US equities sector-wise are led by Consumer Discretionary, Real Estate, and Utilities, up 1.25%, 0.73%, and 0.01% each. The main losers are Energy, Materials, and Financials, down 2.65%, 1.41%, and 1.31%, respectively.
The US Dollar Index, a gauge of the greenback\u2019s value, sits at 99.224, up 0.42%, while the 10-year US Treasury yield eased off the highs, down three basis points at 2.462%.
It is worth noting that parts of the yield curve inverted, with 5s at 2.636%, while the 30s at 2.600%, at some time during the day, a signal that triggers \u201crecession concerns\u201d in the market participants.
In the commodities complex, the US crude oil benchmark, WTI, is down 4.69%, trading at $107.39 BPD, while gold (XAU\/USD) is down 1.05%, exchanging hands at $1936.85 a troy ounce, pressured by buck\u2019s gains.
The US economic docket featured the US Goods Trade Balance for February, which came at $-106.59B better than the $107.57B January\u2019s deficit, while the Dallas Fed Manufacturing for March rose by 8.7, lower than the 11 foreseen, and trailed February\u2019s 14 figure.<\/p>\n","protected":false},"excerpt":{"rendered":"
US equities are trading mixed after Wall Street\u2019s opened two hours ago. The losers are the S&P 500 and the Dow Jones Industrial Average, each losing between 0.15% and 0.49%, sitting at 4537.05 and 34,691.34, respectively. The gainer is the heavy-tech Nasdaq Composite gaining 0.25% at 14,787.13 around 15:33 GMT. The market risk appetite was …<\/p>\n","protected":false},"author":13,"featured_media":61273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6863,6902,6901,8592,6984,6909],"class_list":["post-62817","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-covid-19-2","tag-dow-jones","tag-nasdaq","tag-russian-ukranian-crisis","tag-treasury-yields","tag-wti"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62817","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=62817"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62817\/revisions"}],"predecessor-version":[{"id":62821,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/62817\/revisions\/62821"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61273"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=62817"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=62817"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=62817"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}