Dow slides, 30-year yield rises on CPI report, Newmont CFO departs
The 30-year Treasury yield (^TYX) rose above 5% after the June CPI report showed tariffs may be starting to drive prices higher. The data also weighed on stocks in the Dow Jones Industrial Average (^DJI). The Nasdaq Composite (^IXIC) is getting a boost after Nvidia (NVDA) said that it expects to be able to resume the sale of its H20 chip in China.
Newmont (NEM) shares are trading lower after it was announced CFO Karyn Ovelmen has left the company.
Stay up to date on the latest market action, minute-by-minute, with Yahoo Finance's Market Minute.
It's time for Yahoo Finance's market minute. Stocks mixed as Nvidia peers set to receive a green light for trade with China from the Trump administration. On the economic front, a key consumer inflation print shows inflation accelerated in June. The latest consumer price data fueling a move in yields, the 30 year treasury yield rising above 5% for the first time in six weeks, as investors' long-term inflation expectations rise. Taking a look at First Solar as the US Commerce Department launches investigations that could set the stage for more tariffs. Quoting Bloomberg, the Commerce Department is investigating imports of parts for unmanned aerial vehicles and for polysilicon, a key material for solar power. And Newmont shares under pressure as its Chief Financial Officer unexpectedly resigns. The gold miner naming Peter Wexler as interim CFO until a permanent successor is selected. And that's your Yahoo Finance market minute. For more of what's trending on Yahoo Finance, scan the QR code below.
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