US Market Summary for the 14th

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US markets were mixed on the 14th as expectations of easing inflation and concerns over the Middle East situation intersected. The Dow Jones Industrial Average closed at 52,508.27, up 9.63 points from the previous day, while the Nasdaq Composite ended at 26,107.01, up 233.83 points. In the New York foreign exchange market, the yen strengthened and the dollar weakened after the June CPI came in below market expectations, with the yen trading at 162.22 to 162.32 per dollar, a gain of 19 sen from the previous day. In the US bond market, long-term yields fell, with the 10-year yield down 0.04 percentage points to 4.59 percent. NYMEX WTI crude oil futures for August extended gains amid escalating Middle East tensions, hitting a fresh one-month high at 79.34 dollars per barrel. COMEX gold futures for August rebounded after three business days, supported by lower US long-term yields and a weaker dollar, settling at 4,069.70 dollars per ounce.

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