On the commodity front, gold $40 an ounce, within minutes too, but the highlight was a strong rise in returns bonds The US Treasury for 10 years and exceeded 4% levels.
The dollar andUS Treasury yields For 10 years, the number one enemy for stocks and gold. Any noticeable rises that get the dollar and the returns are usually offset by significant declines in stocks and gold.
But after incurring Dow Jones Index Losses of about 500 points, there was a major turning point in the session, after which the Dow was able to erase all its losses and add 900 points after that, and it rebounded by about 1400 points from its lowest point in the session.
The Dow Jones index ended the session up by 2.8, the Standard & Poor’s 500 Index closed up by 2.6 percent and the Nasdaq Index gained 2.2 percent.
The Wall Street Rally was reflected on Asia markets With strong gains of more than 3 percent on market indices there and also supported by Singapore’s GDP numbers that beat expectations at 4.4 percent.
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The beginning of the battle was with the release of numbers inflation At levels of 8.2 percent, the market reaction to it, as bear forces were able to withdraw market Strong, crumble Dow Jones Industrial Average By more than 900 points in a few minutes, amid a strong selling wave on all other major indices, coinciding with the rise of dollar especially on Japanese Yen And surpassing the levels of 147 yen, the highest level in 24 years, and the euro fell 100 points.
On the commodity front, gold $40 an ounce, within minutes too, but the highlight was a strong rise in returns bonds The US Treasury for 10 years and exceeded 4% levels.
The dollar andUS Treasury yields For 10 years, the number one enemy for stocks and gold. Any noticeable rises that get the dollar and the returns are usually offset by significant declines in stocks and gold.
But after incurring Dow Jones Index Losses of about 500 points, there was a major turning point in the session, after which the Dow was able to erase all its losses and add 900 points after that, and it rebounded by about 1400 points from its lowest point in the session.
The Dow Jones index ended the session up by 2.8, the Standard & Poor’s 500 Index closed up by 2.6 percent and the Nasdaq Index gained 2.2 percent.
The Wall Street Rally was reflected on Asia markets With strong gains of more than 3 percent on market indices there and also supported by Singapore’s GDP numbers that beat expectations at 4.4 percent.