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Here is a global market update.
Let us first look at the New York stock market.
The three major U.S. stock indices turned downward.
Nasdaq and the S&P 500 closed slightly lower, while the Dow Jones Industrial Average dropped 0.66%.
By sector, industrials and materials underperformed, plunging more than 2%, while technology and financial stocks, which are sensitive to the aftermath of high interest rates, all faced downward pressure.
As the yield on the 10-year U.S. Treasury note surged to its highest level in 24 years, Wall Street's rally halted just a day after hitting a record high in the previous session.
The root cause was the continuation of a bond sell-off, driven by overlapping concerns over inflation and the government's fiscal deficit.
Additionally, the market felt burdened as the Federal Open Market Committee (FOMC) minutes reaffirmed the high likelihood that the Federal Reserve would raise the benchmark interest rate one more time within the year.
However, a sense of relief flowed in during the late session.
Solid demand, including from foreign central banks, was confirmed in the U.S. Treasury's 39 billion dollar 10-year note auction, causing the 10-year yield, which had exceeded 5.3% during the session, to settle down to the 5.27% level.
The market is now closely watching the results of the 30-year Treasury auction.
Next, let us examine the U.S. futures market.
Amid overall mixed trading, Dow futures are trading in the 51,400 range, while Nasdaq 100 futures are up 1.5 points in the 31,400 range.
In addition, S&P 500 futures are trading in the 7,800 range, down 2.5 points, whereas Russell 2000 futures are currently trading in the 2,800 range.
U.S. 10-year Treasury futures are moving at 5.268%, and 30-year Treasury futures are trading at 5.62%.
Meanwhile, in the commodities futures market, gold futures are moving around the 4,130 dollar per ounce mark, while crude oil futures are rising and trading in the 88 dollar range, amid an agreement by the International Energy Agency to accelerate the release of strategic petroleum reserves and prioritize the supply of diesel.
Looking at the fluctuations of major stocks in the U.S. stock futures market, Meta futures are edging up, while Microsoft and Amazon futures are declining.
This concludes our look at the CME futures market.