Most US Stocks Fall After the Bond Market Cranks the Pressure Higher
The S&P 500 slipped 0.3% as traders cut bets on near-term Federal Reserve rate cuts, according to CME Group.
- The S&P 500 slipped 0.3% on Wednesday, closing out its third losing month in the last four as Wall Street contended with persistent Treasury yield pressures.
- Treasury yields climbed as reports suggested U.S. economic growth during the spring was stronger than economists previously estimated, keeping the 10-year Treasury yield elevated at 5.29%.
- Hewlett Packard Enterprise rose 5.8% amid artificial-intelligence networking gains, while MongoDB climbed 4.7% after its board boosted the stock buyback program by $1 billion.
- Traders pared bets on a Fed interest rate hike next month to just a 35% chance, according to CME Group data, as shorter-term Treasury yields edged lower.
- Longer-Term bond yields remained elevated, with the 30-year Treasury climbing to 5.64% from 5.59% late Tuesday, reflecting persistent concerns about global debt loads.
13 Articles
13 Articles
Dow Drops 444 Points Under Pressure From Bond Market
Most US stocks fell Wednesday as Wall Street maintained with the downside of a US economy that keeps powered through its many challenges. The S&P 500 fell 19.30 points, or 0.3%, to 7,651.54 to close out its third loss month in the last oven. The Dow...
Most U.S. stocks fall after the bond market cranks the pressure even higher
Most U.S. stocks fell as Wall Street contended with the downside of a U.S. economy that keeps powering through its many challenges. The S&P 500 slipped 0.3% Wednesday to close out its third losing month in the last four.
Bowen Island Undercurrent
Most US stocks fall on Wall Street as pressure remains from high bond yields
NEW YORK (AP) — Most U.S. stocks fell Wednesday as Wall Street contended with the downside of a U.S. economy that keeps powering through its many challenges. The S&P 500 slipped 0.
Most US stocks fall after the bond market cranks the pressure higher
Most U.S. stocks fell as Wall Street contended with the downside of a U.S. economy that keeps powering through its many challenges. The S&P 500 slipped 0.3% Wednesday to close out its third losing month in the last four. The Dow Jones Industrial Average fell 0.9%, and the Nasdaq composite climbed 0.2%. Stocks initially headed for gains following an encouraging update on inflation. But they turned lower as reports also suggested the U.S. economy …
Dow Drops 444, Nasdaq Gains 64, S&P 500 Loses 19
NEW YORK (AP) — Most of the U.S. stock market fell Wednesday as Wall Street contended with the downside of a U.S. economy that keeps powering through its many challenges. The S&P 500 slipped 0.3% to close out its third losing month in the last four. The Dow Jones Industrial Average dropped 443 points, or 0.9%, and the Nasdaq composite added 0.2%. Stocks turned lower after data reports suggested the U.S. economy was even stronger during the sprin…
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