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New York Stock Exchange Closed with Mixed Performance

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The New York Stock Exchange completed the first trading day of the week with a mixed performance while US President Donald Trump’s remarks regarding China continued. At the close, the Dow Jones index lost over 300 points, decreasing by 0.91% to 37,965.60. The S&P 500 index retreated by 0.23% to 5,062.25, and the Nasdaq index rose by 0.10% to 15,603.26. Reports of President Trump considering suspending tariffs for 90 days led investors to temporary optimism and resulted in a temporary recovery in the indexes, but after the White House denied these reports, the indexes fell again. President Trump escalated tension by stating that if China does not withdraw the 34% retaliatory tariffs it announced in response to tariffs, additional tariffs of 50% will be imposed on the country. Trump also mentioned speaking with Japanese Prime Minister Shinzo Abe, who will send a high-level team to negotiate tariffs. Concerns persist about tariffs slowing economic growth and increasing inflationary pressures, with the US 10-year Treasury bond yield rising to 4.22%. Amidst statements from Federal Reserve (Fed) officials, Fed Board Member Adriana Kugler emphasized that controlling inflation should be the focus of the Fed. Analysts noted that the Consumer Price Index (CPI) to be released on Thursday and the Producer Price Index (PPI) to be released on Friday will be monitored for more information on the inflation trend in the US.

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