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.
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45 Articles
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US stocks waver as the bond market, oil prices keep up the pressure
Pressure continues to bear down on Wall Street from the bond market and oil prices, and U.S. stocks are wavering. The S&P 500 rose 0.1% Thursday. It is coming off of two straight declines after rallying to the brink of…
Wall Street Opens in Red Due to the Increase in Bonuses and the Expectation of Another Rise in Rates
New York, Sep 24 (EFE).- Wall Street opened this Thursday in red and its main indicator, the Dow Jones of Industrials, lost 0.5%, while investors are still pending the rise in the yields of Treasury bonds and the price of oil, facing expectations of new increases in the rates of [...] The Wall Street entry opens in red by the rise of bonds and the expectation of another rate rise was first published in HolaNews.
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%.
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