[New York Stock Market] All Major Indexes Close Higher on Oil Price Drop... Dow Hits Record High

International Oil Prices End Lower
Yields on 10-Year and 30-Year U.S. Treasuries Also Fall

Despite volatility in U.S. Treasury yields, the three major U.S. stock indices all closed higher on the 21st (local time), buoyed by a decline in international oil prices. The Dow Jones Index reached a new all-time high.

On this day at the New York Stock Exchange (NYSE), the Dow Jones Industrial Average (Dow Jones Index) finished at 50,285.66, up 276.31 points (0.55%) from the previous trading day. The S&P 500 Index, which is focused on large-cap stocks, rose 12.75 points (0.17%) to close at 7,445.72, while the tech-heavy Nasdaq Index gained 22.738 points (0.09%) to end at 26,293.098.

Inside the New York Stock Exchange. New York (USA) - Special Correspondent Yoonjoo Hwang

The market on this day was influenced by previous negotiations and international oil prices. On the New York Mercantile Exchange, July delivery West Texas Intermediate (WTI) crude oil settled at $96.35 per barrel, down 1.94% from the previous session. On the ICE Futures Exchange, July delivery Brent crude oil closed at $102.58 per barrel, declining 2.32% from the previous session.

At the start of trading, international oil prices surged and the market was mixed. This was due to concerns sparked by comments from Iran's new leader Mojtaba Khamenei regarding the maintenance of uranium stockpiles, as well as issues over strait transit fees, raising worries that a breakthrough in negotiations could be difficult.

The Financial Times (FT) reported that U.S. Secretary of State Marco Rubio suggested there were "positive signs" indicating the possibility of reaching an agreement with Iran and that the Pakistani mediation team was expected to visit Iran. U.S. President Donald Trump also reiterated his position that the United States would secure Iran's highly enriched uranium and stated that the war would soon end, which led oil prices to reverse course and decline.

Robert Conzo, CEO of Wells Alliance, said, "If oil prices remain above $100 per barrel, there is a possibility that inflation will rise. In that case, concerns will intensify in the short term and there will be many risk-related headlines," adding, "All eyes are on whether a deal can be reached."

However, Bloomberg pointed out that Iran is discussing the establishment of a permanent transit fee system to formalize its control over the Oman and Hormuz Straits. Concerns have arisen among investors that if the straits remain blocked for an extended period, energy supply disruptions may worsen and inflation could deteriorate, leading to speculation that central banks would have no choice but to raise interest rates.

Meanwhile, according to Investing.com, the yield on 10-year U.S. Treasuries is currently at 4.570%, down 0.5 basis points (1bp = 0.01 percentage point) from the previous session. The yield on 30-year U.S. Treasuries fell by 2.5 basis points to 5.090%.

This content was produced with the assistance of AI translation services.