Asian markets had mixed results as U.S. Futures declined and oil prices dropped. Chinese shares initially gained but later retreated due to a decrease in export orders. The official manufacturing purchasing managers' index in China dropped from 50.1 in December to 49.1 in January, signaling a contraction.
The Dow Jones Industrial Average and S&P 500 both decreased by 0.3% as U.S. stocks retreated from an all-time high, closing at 44,424.25 and 6,101.24, respectively. U.S. Benchmark crude oil prices fell by 47 cents, settling at $74.13 per barrel, while the yield on the 10-year Treasury eased to 4.61%.