Nasdaq Today Live: The US stock markets traded lower on Thursday, October 8, amid higher oil prices, high yields on US treasuries, and worries about future interest rate hikes by the Fed, despite expectations of a strong earnings season.
The Nasdaq index was down 0.45% at 27,414.02, the Dow Jones index was 0.28% lower at 51,035.93, and the S&P 500 index was trading 0.30% lower at 7,778.34, as per the latest data available. Brent crude prices surged past the $104 mark per barrel.
US Stock Market Today Live: Market Snapshot
| Index | Current | Change | Change % |
| Dow Jones | 51,035.93 | -143.94 | -0.28% |
| Nasdaq | 27,414.02 | -124.67 | -0.45% |
| S&P 500 | 7,778.34 | -23.19 | -0.30% |
The latest figures show all three major benchmarks in negative territory.
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US Stock Market Today: Key Market Indicators
| Indicator | Latest | Change | Change % |
| Crude Oil | $92.25 | +3.97 | +4.50% |
| Brent Crude | $104.78 | +4.58 | +4.57% |
| Gold | $4,126.06 | +15.08 | +0.37% |
| DXY | 102.26 | +0.02 | +0.02% |
| US 10-Year | 5.280% | -0.01 | -0.21% |
| Yen | 158.149 | +0.07 | +0.04% |
| Euro | 1.119 | -0.00 | -0.03% |
Stock Market Today: Global Market
| Market | Latest | Change | Change % |
| FTSE | 10,482.42 | +23.92 | +0.23% |
| CAC | 7,748.40 | -20.81 | -0.27% |
| DAX | 24,976.00 | -128.36 | -0.51% |
| Nikkei 225 | 69,042.11 | -993.60 | -1.42% |
| Straits Times | 5,412.96 | -195.48 | -3.49% |
| Hang Seng | 23,785.79 | -344.71 | -1.43% |
| KOSPI | 6,625.93 | -177.97 | -2.62% |
Nasdaq Today
Nasdaq index was struggling because of investors reassessment of high growth tech stocks in the high yield environment. The index was trading at 27,414.02, falling by 124.67 points or 0.45%. Technology stocks and semiconductors were especially sensitive to the increase in yields.
What Is Happening in the US Stock Market Today?
- Oil prices jumped as Middle East supply risks intensified.
- Treasury yields remained close to multi-decade highs.
- Investors digested hawkish comments from Fed Governor Christopher Waller.
- Third-quarter earnings are becoming the next major market test.
- Initial jobless claims came in at 197,000, below the 200,000 estimate.
- Investors are watching Nvidia and other AI-linked companies closely.
Why Are Dow Jones Down Today?
The Dow fell on expectations of rising energy prices and interest rates uncertainties while there were worries that high oil prices could cause high inflation to persist. The Dow had fallen at the end of the previous day after having recorded four successive gains.
Why Is US Stock Market Down Today?
- Brent crude moved above $104 a barrel.
- WTI crude climbed above $92.
- The 10-year Treasury yield moved around 5.3%.
- Fed officials signalled that additional rate increases could still be required.
- Technology stocks faced valuation pressure from higher yields.
- Geopolitical risks increased demand for defensive positioning.
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