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S&P, Dow, Nasdaq Market Update – January 2024 Market Dip and Yield Surge: January 2024 Kickoff

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Fed Cuts Interest Rate By A Quarter Point

Photo by Mario Tama

Trading commenced with major market averages pointing downwards while U.S. Treasury yields surged.

The Nasdaq Composite (COMP.IND) experienced a decline of -1.4%, the S&P 500 (SP500) followed with a decrease of -0.6%, and the Dow (DJI) was down by -0.1%.

The 10-year Treasury yield (US10Y) spiked by 7US2Y

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