Wall Street rebounds after three-day slide as Treasury yields ease

  • Wall Street’s three major indexes ended a three-day losing streak on the second.
  • 53,061.95 was the Dow’s close, up 295.07 points, or 0.56%.
  • Fed Beige Book reported moderate growth, supported by rising data-center demand.

The three major U.S. stock indexes rebounded for the first time in four days as Treasury yields (interest rates on U.S. government debt) eased from their intraday highs. The Dow Jones Industrial Average rose 0.56% to 53,061.95, the S&P 500 gained 0.46% to 7,666.60 and the Nasdaq advanced 0.45% to 26,217.83, ending three consecutive sessions of losses. Investors bought recently battered shares, with artificial intelligence-related companies leading the recovery. Dell Technologies jumped 15.81% after raising its annual revenue and profit forecasts on stronger AI-server demand, while NVIDIA, Micron, Qualcomm and SK Hynix American Depositary Receipts also advanced. Federal Reserve officials offered no clear guidance on the next policy move. John Williams, President of the New York Federal Reserve Bank, said officials needed to wait and see, while noting that inflation appeared to be easing as tariff effects diminished and higher energy costs had not spread to other services. The Fed’s Beige Book described moderate U.S. economic growth over the previous two months, supported by data-center demand. Oil prices rose for a third straight session as concerns about crude supplies linked to U.S.-Iran tensions weighed on markets. Jay Hatfield, CEO of Infrastructure Capital Advisors, identified oil prices as the key market driver and forecast declines over the next six months as non-OPEC production increases and alternative transportation routes develop.

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