The decline in the US ISM Services Index was greater than expected, leading to an expansion in US Treasury prices, while gold prices maintained their upward trend

Wallstreetcn
2025.02.05 15:06

The US January ISM Non-Manufacturing Index fell to 52.8, with analysts expecting 54, and the previous value was 54.1.

The yield on US 7-30 year Treasury bonds dropped by 10 basis points; the two-year Treasury yield briefly plunged nearly 3 basis points, refreshing the daily low to 4.1619%, with an overall decline of more than 5 basis points during the day.

The S&P 500 Index fell more than 0.2%, the Nasdaq fell more than 0.4%, the semiconductor index rose 0.5%, and Tesla and Apple fell by as much as 1.6%.

Spot gold maintained an increase of over 1.1%, stabilizing near the historical high of $2877.15 per ounce set at 18:35 Beijing time (before the release of the US "small non-farm" employment data)

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