U.S. Stocks Fall Further From Their Records
Tech stocks gave back gains as investors waited for Nvidia’s quarterly report and Treasury yields climbed to 4.66%, pressuring major indexes.
- Wall Street retreated Tuesday, with the S&P 500 falling 0.4% and the Nasdaq composite dropping 0.6% as tech shares eased ahead of Nvidia's quarterly earnings report due Wednesday.
- Uncertainty surrounding the war with Iran continues to weigh on markets, keeping oil prices above $100 per barrel, while President Donald Trump said he is holding off on a military strike on Iran, citing "serious negotiations" underway.
- Akamai Technologies dropped 3.9% after announcing plans to raise $2.6 billion through a convertible note offering, while Home Depot fell 2.2% despite its results edging past expectations.
- Treasury yields rose to 4.66% from 4.61% late Monday, increasing borrowing costs for companies building artificial intelligence data centers and dragging on broader financial markets.
- Strategists at Barclays Capital, including Rex Feng and Venu Krishna, noted that while investors fueled a fast rebound, "the pendulum could swing backwards" as markets remain cautious.
13 Articles
13 Articles
The Columbian
U.S. stocks fall further from their records
NEW YORK — The U.S. stock market is giving back a bit more of its record-setting rally on Tuesday. Read more...
US stocks fall further from their records after bond markets crank up the pressure - WXXV News 25
By STAN CHOE NEW YORK (AP) — The U.S. stock market gave back more of its record-setting rally Tuesday after bond markets rattled by high inflation cranked up the pressure. The S&P 500 fell 0.7% for its third straight loss since setting its latest all-time high. The Dow Jones Industrial Average dropped 322 points, or 0.6%, and the Nasdaq composite sank 0.8%. The declines followed mixed moves for stock markets abroad, while oil prices eased in t…
The Closing Bell: US stocks fall further from their records after bond markets crank up the pressure
By STAN CHOE AP Business Writer NEW YORK (AP) — The U.S. stock market gave back more of its record-setting rally Tuesday after bond markets rattled by high inflation cranked up the pressure. The S&P 500 fell 0.7% for its third straight loss since setting its latest all-time high. The Dow Jones Industrial Average dropped 322 points, or 0.6%, and the Nasdaq composite sank 0.8%. The Closing Bell Report | RSS.com The declines followed mixed moves fo…
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