NY stock market is almost flat, weighed down by high crude oil prices, but buying as long-term interest rates pause.

[New York Current Affairs] The New York stock market was almost flat on the 1st, weighed down by high crude oil prices, but with some buying on the back of a pause in the rise in US long-term interest rates. The Dow Jones Industrial Average, which is made up of blue-chip stocks, closed at $50,926.56, up $20.51 from the previous day's closing price. The NASDAQ Composite Index, which focuses on high-tech stocks, rose 10.54 points to close at 26,871.60.

In the US bond market that day, the yield on 10-year government bonds, an indicator of long-term interest rates, temporarily rose to 5.34% (bond prices fell). According to US media, this is the highest level in 24 years since 2002. However, since then, yields have fallen, which has improved investor sentiment.

Crude oil futures prices on the New York Mercantile Exchange (NYMEX) continued to rise as concerns about the tense situation in the Middle East grew. US standard oil WTI closed at $92.87 per barrel, up 2.71% from the previous day.