US stocks recorded strong losses at the close of the trading session yesterday, Thursday, February 10, as the three major indices lost more than 1.5% at the close, while the losses of the Nasdaq Composite Index, which specializes in the technology sector, exceeded 2% after being pressured by high inflation in the United States of America, which supported High yields on US Treasury bonds and caused a sharp sell-off in US stocks.

Data released by the Bureau of Labor Statistics in the United States of America yesterday, Thursday, showed an increase in the CPI, which measures inflation, by 0.6% in January, after rising by about 0.4% in December, and the annual index rose over the past 12 months to 7.5% from 7% in December at its highest pace since 1981, better than expectations, which indicated a rise to 7.3%, while the annual core index rose to 6% from 5.5% (expectations 5.6%).

These numbers pressured the financial markets during the session yesterday, Thursday, and caused a high volatility situation, especially as it caused the yield on the ten-year US Treasury bonds to rise by more than 5% and exceed the 2.00 levels for the first time since August 2019 after market expectations rose that the Fed would raise interest rates by half a point in March.

The Dow Jones Industrial Average closed down by about (526) points at the close at 35.241 levels, a loss of about 1.47%, and is now trading in the futures for today’s session, Friday, at 34.919 levels, down by about 220 points.

While the S&P 500 index recorded declines at the close at 4.504 levels, down by (83) points or 1.81%, and it is now trading in futures at 4.463 levels, down by about 34 points.

While the Nasdaq index recorded losses by (304 points) to close the session at 14.185 points, recording declines of about 2.10%, and it is now trading in the futures, down by about 131 points.