US Market Summary (7th): Dow Falls for First Time in Three Days, Down 130 Dollars

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In US markets on the 7th, selling of semiconductor and artificial intelligence-related stocks swelled, and the Dow Jones Industrial Average fell 130.76 dollars from the previous day to 52,925.15 dollars, declining for the first time in three business days. The tech-heavy Nasdaq Composite Index closed down 302.47 points at 25,818.69. Volume on the New York Stock Exchange was 1,197.59 million shares, down 10.242 million shares from the previous day. In currencies, the yen weakened to the lower 162 range against the dollar amid caution over escalating tensions in the Middle East. As of 5 p.m., the dollar was at 162.05 to 162.15 yen, a 0.03 yen weakening of the yen and strengthening of the dollar from the same time the previous day. In bonds, selling dominated on concerns over higher crude oil prices and US Treasury auctions, pushing the 10-year yield up 0.08 percentage point from the previous day to 4.55 percent. Crude oil futures rebounded on supply fears following reports of attacks on commercial vessels near the Strait of Hormuz, with WTI for August delivery rising 1.89 dollars to 70.44 dollars a barrel. Gold futures fell for the first time in four days, with the August contract dropping 10.10 dollars to 4,157.40 dollars an ounce, pressured by inflation concerns stemming from higher oil prices.

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