Wall St Opens Lower as Bond Yields and Oil Rebound; Fed Minutes in Focus
27 Articles
27 Articles
The slight rise in the price of oil and the recovery of U.S. Treasury securities revenues are weighing on investors.
Le Journal de Montreal
Le Journal de QuebecThe New York Stock Exchange opened in decline on Wednesday, undermined by rising bond yields and oil prices.
The New York stock market, which had hit a new all-time high, turned downward just one day later. This was due to investors engaging in profit-taking as international oil prices rose and long-term U.S. Treasury yields surged. The market is also closely watching the minutes of the Federal Reserve's Federal Open Market Committee (FOMC) meeting, which are set to be released today. As of 9:48 a.m. on the 7th (local time), the Dow Jones 30 Industrial…
On Wednesday, the stock exchanges will not be able to join their rally. The focus will be on US bond yields as well as the minutes of the past Fed meeting, which will be published in the evening.
In the first trades, and after a double record at the close, the Nasdaq index (-0.59%) and the expanded S&P 500 index (-0.39%) both moved in the red. Dow Jones was down 0.66%.
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