Wall St Opens Lower as Bond Yields and Oil Rebound; Fed Minutes in Focus
30 Articles
30 Articles
NEW YORK — U.S. stocks are pulling back from their record on Wednesday. The S&P 500 fell 0.6 percent, a day after topping its prior all-time high set in August. The Dow Jones Industrial Average was down 535 points, or 1 percent, as of 11 a.m. Eastern time, and the Nasdaq composite was 0.8 percent lower. Stocks felt pressure as yields climbed in the bond market. The yield on the 10-year Treasury rose to 5.30 percent from 5.27 percent late Tuesday…
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.
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