US Stock Market Reacts to Trade War and Rising Treasury Yields; Delta Air Lines Gains Despite Uncertainty

The U.S. stock market showed mixed performance in early trading Wednesday amid escalating U.S.-China trade tensions. The Dow Jones Industrial Average initially fell by 0.5%, or 170 points, while the Nasdaq Composite saw a gain of 0.5%. The S&P 500 was relatively stable. The yield on the 10-year Treasury note increased to 4.36% from 4.26% the previous day, reflecting market concerns. Delta Air Lines reported a 7.1% increase in its stock value, despite withdrawing its financial forecasts for 2025, citing economic uncertainty related to global trade. European and Asian markets mostly declined. London's FTSE 100 decreased by 2.7%, and Tokyo's Nikkei 225 fell by 3.9%. However, Chinese stocks showed resilience, with Hong Kong's index rising 0.7% and Shanghai's increasing by 1.3%.