(US) – US stocks saw slight gains towards the end of the trading day as investors directed their focus toward the upcoming release of the consumer price index (CPI) report next week. Apple, which had experienced a two-day sell-off, stabilized.
On Wall Street, the Dow rose by 0.2%, the S&P inched up by 0.1%, and the Nasdaq also gained 0.1%. In New York, BHP’s shares slipped by 0.7%, Rio Tinto’s fell by 0.03%, and Atlassian saw a decrease of 0.2%.
US stocks close slightly higher
Meanwhile, Tesla dropped by 1.2%, while Apple rebounded with a 0.4% increase, and Amazon saw a 0.3% rise.
In Australia, ASX futures were up by 4 points or 0.1% at 7154 around 7 am AEST. However, the S&P/ASX 200 closed down by 14.3 points or 0.2% on the previous trading day at 7156.7.
The local currency remained stable, while the Bloomberg dollar spot index slightly increased.
Bitcoin experienced a 1.2% decline to $25,890 on bitstamp.net at 7:07 am AEST.
The yield on the US 10-year note increased by 2 basis points to reach 4.26% at 4:59 pm in New York.
Bank of America rates strategists decided to abandon their recommendation of being tactically long on 10-year Treasury notes due to concerns that the US economic resilience might push the yield to 4.75%.
Barclays is reportedly planning to cut several hundred jobs as part of its cost-cutting efforts amid quieter markets.
The bank is considering dismissing around 5% of client-facing staff in the trading division and some dealmakers globally. Additionally, it is preparing to restructure teams within its UK consumer banking unit.
