The Dow Jones index continued to decline. Most recently, it fell more than 100 points, weighed down by the rebound in US government bond yields.
As of 10:43 pm Thai time, the Dow Jones Industrial Average was at 38,354.96 points, down 148.73 points or 0.39%.
The yield on the 10-year US Treasury note jumped above 4.6% in today’s trading. Meanwhile, investors are keeping an eye on economic numbers to look for signs pointing to the direction of US interest rates.
Markets will be watching earnings this week for a number of major companies, including Intel Corp., Microsoft Corp., Apple Inc. and Alphabet Inc., while Meta Platforms Inc. will reveal Earnings after the market closes today
More than 25% of S&P 500 companies have released Q1 2024 earnings, with 79% of those companies beating analyst estimates.
Investors will also be watching the release of the Personal Consumption Expenditure (PCE) price index on Friday, which will indicate the direction of US interest rates.
The PCE index is the Fed’s preferred measure of inflation. Because it can detect changes in consumer behavior and covers the prices of goods and services more widely than the Consumer Price Index (CPI).
Analysts expect the Headline PCE Index, which includes food and energy categories, to increase 2.6% in March year on year from 2.5% in February.
On a monthly basis, the overall PCE index is expected to increase by 0.3% in March from 0.3% in February.
In terms of the Core SNP Index (Core SNP), which does not include food and energy categories. It is expected to increase by 2.6% in March year on year from 2.8% in February.
On a monthly basis, the core PCE index is expected to increase by 0.3% in March from 0.3% in February.
#Dow #Jones #continues #fall #points #RYT9
