Most US stocks fall after the bond market cranks the pressure even higher
Rising long-term Treasury yields and stronger-than-expected economic data pressured stocks, while traders cut the odds of another Federal Reserve rate hike to 35%, CME Group said.
- United States stocks fell Wednesday as rising bond yields undercut early gains from an encouraging inflation report. The Dow slipped 0.3% to close out a third losing month in the last four.
- Stronger-than-Expected economic data from the Midwest and spring growth reports fueled persistent inflation fears, pushing Treasury yields higher and increasing borrowing costs for businesses and individuals.
- Treasury yields rose to 5.29% from 5.26%, marking levels unseen since 2002, while Hewlett Packard Enterprise rose 3.9% to help offset a 2.2% drop for Cal-Maine Foods.
- Data from CME Group show traders pared bets that the Federal Reserve will raise its main interest rate next month, leaving just a 35% chance of a rate hike.
- Broader market pressure persists as oil prices swing amid the United States war with Iran, which curtails shipments through the Strait of Hormuz, while worries about massive government debt loads keep yields elevated.
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39 Articles
Dow Drops 444 Points Under Pressure From Bond Market
Most US stocks fell Wednesday as Wall Street maintained with the downside of a US economy that keeps powered through its many challenges. The S&P 500 fell 19.30 points, or 0.3%, to 7,651.54 to close out its third loss month in the last oven. The Dow...
Most US stocks fall after bond market ups pressure
نُشر هذا المقال أولاً عبر Cedarnews.net. لمتابعة المزيد من الأخبار والتقارير الحصرية، زورونا على موقعنا. Most US stocks: The S&P 500 slipped 0.3% to close out its third losing month in the last four. Official response and confirmed impact The Dow Jones. تم نشر هذا الخبر عبر موقع Cedarnews الإخباري. للاطلاع على مزيد من الأخبار العاجلة والتقارير الحصرية، زوروا موقعنا الرسمي.
Most U.S. stocks fall after the bond market cranks the pressure even higher
Most U.S. stocks fell as Wall Street contended with the downside of a U.S. economy that keeps powering through its many challenges. The S&P 500 slipped 0.3% Wednesday to close out its third losing month in the last four.
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Most US stocks fall on Wall Street as pressure remains from high bond yields
NEW YORK (AP) — Most U.S. stocks fell Wednesday as Wall Street contended with the downside of a U.S. economy that keeps powering through its many challenges. The S&P 500 slipped 0.
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