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Wall Street drifts ahead of a big week that could swing stocks and bonds
- Rising bond yields last week caused the U.S. Treasury Department to intervene, raising concerns about higher borrowing costs affecting consumer spending.
- Treasury Secretary Scott Bessent announced the government would double buybacks of longer-term bonds, providing only temporary relief to bond markets.
- The 10-year Treasury yield rose to 4.73% on Friday, its highest level in over a year.
- Investors are watching for Federal Reserve Governor Kevin Warsh's speech and the upcoming inflation report on personal consumption expenditures for July, which could influence markets.
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26 Articles
26 Articles
In early trading, the Nasdaq index was down 0.47%, the broader S&P 500 index was down 0.23% and the Dow Jones was trading close to breakeven (+0.08%).
·Issy-les-Moulineaux, France
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Wall Street drifts ahead of a big week that could swing stocks and bonds
NEW YORK (AP) — U.S. stocks are drifting Monday ahead of a week packed with potentially market-moving events. The areas of the bond market that the U.S. Treasury Department is trying to calm down, meanwhile, eased a bit.
·Miami, United States
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Total News Sources26
Leaning Left9Leaning Right2Center13Last UpdatedBias Distribution54% Center
Bias Distribution
- 54% of the sources are Center
54% Center
L 38%
C 54%
Factuality
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