US Markets Mixed: Nasdaq Higher as Dow Plunges More than 200 Points

Markets were mixed by midday Friday with the Dow Jones Industrial Average trading off 232 points at 31,172 and the tech-heavy Nasdaq Composite Index up 169 points at 13, 288. The S&P 500 traded 8 points higher, for a gain of 0.23% at 3839.

The yield on the 10-year US Treasury bond steadied near 1.5% but, investors are still growing increasingly worried that inflation is creeping steadily into the economy.

Overseas, European shares are lower as markets in Asia declined following the challenges in U.S. equities on Thursday.

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Though there are increasing fears of inflation, there are some indications it may not only be in asset prices. According to a new government report, U.S. household income jumped 10% in January as the government sent direct payments to most Americans. Spending rose 2.4% in January, the first gain in three months and the biggest increase since last summer.

 

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