India markets open in 6 hours 39 minutes
  • BSE SENSEX

    47,705.80
    -243.62 (-0.51%)
     
  • Nifty 50

    14,296.40
    -63.05 (-0.44%)
     
  • Dow

    34,137.31
    +316.01 (+0.93%)
     
  • Nasdaq

    13,950.22
    +163.95 (+1.19%)
     
  • BTC-INR

    4,151,898.50
    -104,505.00 (-2.46%)
     
  • CMC Crypto 200

    1,270.55
    +7.59 (+0.60%)
     
  • Hang Seng

    28,621.92
    -513.81 (-1.76%)
     
  • Nikkei

    28,508.55
    -591.83 (-2.03%)
     
  • EUR/INR

    90.7968
    -0.0087 (-0.01%)
     
  • GBP/INR

    105.0637
    -0.0423 (-0.04%)
     
  • AED/INR

    20.4890
    -0.0010 (-0.00%)
     
  • INR/JPY

    1.4298
    -0.0003 (-0.02%)
     
  • SGD/INR

    56.7740
    +0.0220 (+0.04%)
     

Dow scales record closing high as bond yields fall

·1-min read

The blue-chip Dow jumped 464.28 points, or 1.5%, to close at a record high of 32,297.02. The S&P 500 added 0.6% to 3,898.81, led by energy and financials. The Nasdaq Composite closed less than 0.1% lower at 13,068.83 after gaining as much as 1.6% earlier in the day.

House Democrats passed a $1.9 trillion coronavirus relief bill Wednesday, sending it to President Joe Biden, who is expected to sign Friday. Biden said checks of up to $1,400 should start going out this month.

Meanwhile, tame inflation data out Wednesday eased worries about rising prices that have jolted yields higher and unnerved equity investors. The 10-year Treasury yield fell 2 basis point to 1.52%.

Data showed consumer prices rose 1.7% in February from the same month in 2020. The gauge had risen 1.4% in January. The underlying measure of price rises, which strips out food and energy, rose 1.3% on a year-on-year basis, down 0.1% point compared with the previous month.



Source: Capitalmarket.com