The Dow Jones Industrial Average lost 248.13 points, or 0.65%, to close at 37,735.11. The 30-stock index relinquished an advance of more than 1% seen early in the session to mark its sixth straight losing day, a streak not seen since June.
The S&P 500 slipped 1.2% to finish at 5,061.82, despite trading up as much as 0.88% earlier in the session. The Nasdaq Composite tumbled 1.79% to 15,885.02 as Salesforce and other technology stocks dropped.
ASX SPI Futures down 63 points.
- Base metals broadly higher, Copper +1.79%, Zinc -1.38%, Lead +0.46%, and Tin +0.64%.
- Aluminium rose to 22-month highs, +3.14% and Nickel advanced 2.28%, hitting seven-month highs as the market digests the potential implications of the new restrictions on Russian metals.
- Gold gained 1.10% despite an uptick in the USD and treasury yields due to safe-haven demand triggered by rising tensions in the Middle East.
- Oil prices mixed after Iran’s weekend attack on Israel proved to be less damaging than anticipated, WTI -0.29% and Brent Crude +0.22%.
- Currencies - Aussie dollar flat, USD Index +0.16%, and Bitcoin -4.02%.
- 10Y Bond Yields – US 4.610%, Australia 4.291%, and Germany 2.438%.
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