US Market Summary (16th): Dow Falls for First Time in Three Days, Down 105 Dollars

Price Action
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On the 16th, the Dow Jones Industrial Average fell for the first time in three days, closing at 52,552.97 dollars, down 105.67 dollars from the previous day. Selling was dominant, particularly in semiconductor and AI-related stocks, and the tech-heavy Nasdaq Composite Index dropped 387.28 points to 25,881.95. Volume on the New York Stock Exchange increased by 87.35 million shares from the previous day to 1.26165 billion shares. In the New York foreign exchange market, the yen traded in the early 162-yen range per dollar, and as of 5 p.m., it was 162.32 to 162.42 yen, a 0.17-yen weakening of the yen and strengthening of the dollar from the same time the previous day. In the US bond market, long-term interest rates edged up, with the 10-year yield rising 0.01 percentage point from the previous day to 4.56 percent. In the New York crude oil futures market, the front-month August contract for West Texas Intermediate fell 0.65 dollars from the previous day to 78.95 dollars per barrel, declining for the first time in four business days. In the New York gold futures market, the front-month August contract dropped 59.70 dollars from the previous day to 3,992.10 dollars per ounce, extending its losing streak and falling below the 4,000-dollar mark for the first time in about eight months.

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