US Stocks Slip After the Bond Market Keeps up the Pressure and Oil Prices Rise
- On Thursday, U.S. stocks fell as rising oil prices and higher interest rates pressured equities, with Treasury rates reaching their highest levels in years.
- Persistent inflation concerns are driving high yields in the bond sector, hurting market valuations, as stronger-than-expected economic activity boosts returns and prompts anticipation of restrictive Federal Reserve policies.
- Darden Restaurants reported a 2.6% decline, noting "a more challenging consumer environment" for the upcoming fiscal year, reflecting broader corporate struggles.
- Despite market headwinds, recent data shows the U.S. economy continues to grow at a steady pace, while jobless claims remain low, suggesting the labor sector remains resilient.
- Policymakers will carefully monitor growth indicators, as investors brace for potential borrowing cost increases later this year if recent figures remain strong.
36 Articles
36 Articles
U.S. Stocks Extending Yesterday's Pullback Amid Higher Yields, Crude Oil Prices
Stocks have moved mostly lower during trading on Thursday, extending the pullback seen during the previous session. The major averages have all moved to the downside, with the tech-heavy Nasdaq pulling back off Tuesday's record closing high. Currently, the major averages are just off their lows of the session.
The three main US indices opened this Thursday's session to record losses, with investors pressed with a devaluation of the Treasury's securities and the rise in the price of the oil barrel.
In the early trades, the Nasdaq index was down 0.76%, the Dow Jones was down 0.36% and the expanded S&P 500 index was down 0.50%.
(Seoul = Yonhap News) Reporter Yoon Jung-won of Yonhap Infomax = The three major stock indices of the New York stock market opened lower due to the impact of rising oil prices.
Reformatorisch Dagblad
New York stock markets opened with losses on Thursday. Investors remained cautious following the previous day's losses and kept a close eye on the bond markets. There, yields on long-term government bonds continued to rise due to the prospect that the central bank will raise interest rates further to combat inflation. Oil, a major driver of inflation, also became more expensive again.
Coverage Details
Bias Distribution
- 57% of the sources are Center
Factuality
To view factuality data please Upgrade to Premium
