In New York trading on the 28th, the dollar edged lower but held near a one-month high, while the 10-year Treasury yield declined for a third straight session. The Dow Jones Industrial Average and the S&P 500 both extended their gains. The dollar index against major currencies slipped 0.2 percent to 101.35, staying close to the late-June high of 101.80. Markets are pricing in about a 40 percent probability of a rate hike at the FOMC meeting on the 29th, up from around 20 percent a week ago. The 10-year yield fell 3.9 basis points to 4.602 percent, and the 2-year yield dropped 4.8 basis points to 4.275 percent, as falling crude oil futures fueled expectations of easing inflationary pressures. In equities, Boeing rose 4.8 percent and Coca-Cola gained 5 percent, while the Philadelphia Semiconductor Index tumbled 4.5 percent and the Nasdaq Composite edged lower. Gold futures slipped 0.9 percent to 4,038.70 dollars per ounce, weighed by a stronger dollar, and US WTI crude oil futures settled 4.1 percent lower at 79.26 dollars a barrel.
The Boeing CompanyBoeing rose 4.8% in the article, but no specific company news is given; the move is part of broader market gains.
The Coca-Cola CompanyCoca-Cola gained 5% in the article, but no specific company news is given; the move is part of broader market gains.