[Asia Economy New York=Correspondent Baek Jong-min] The major indices of the New York stock market closed mixed.
On the 10th (local time), the Dow Jones Industrial Average rose 61.97 points (0.2%) to close at 31,437.80, the S&P 500 fell 1.35 points (0.03%) to 3,909.88, and the Nasdaq dropped 35.16 points (0.25%) to 13,972.53.
On this day, the U.S. stock market closely watched inflation indicators and remarks by Federal Reserve (Fed) Chair Jerome Powell.
The Department of Labor announced that the Consumer Price Index (CPI) for January rose 0.3% compared to the previous month. The core CPI, which excludes volatile food and energy prices, remained flat at 0%, easing inflation concerns.
Chairman Powell also dismissed inflation worries and reconfirmed the intention to maintain an accommodative monetary policy.
As inflation concerns eased, U.S. Treasury yields fell and the value of the dollar declined.
Stocks of companies that reported strong earnings the previous day showed gains. Twitter's stock rose about 13%, and Lyft's stock increased by approximately 4.8%.
March delivery West Texas Intermediate (WTI) crude oil closed at $58.68 per barrel, up 0.6% ($0.32) from the previous day. WTI rose for eight consecutive trading days, marking the longest streak since January 10, 2019.
April delivery gold closed at $1,842.70 per ounce, up 0.3% ($5.20).
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