Pressure from the bond market hits a new level, and US stocks slide on worries about inflation
- On Wednesday, U.S. stocks drifted near all-time highs as oil prices halted a weeklong decline; the Dow Jones Industrial Average fell 107 points while Brent crude rose 1.3% to $100.55 per barrel.
- Rising oil prices pushed Treasury yields higher, increasing borrowing costs; the 10-year Treasury yield rose to 4.99% from 4.96% late Tuesday, continuing a trend that topped 5% last week for the first time since 2023.
- Reflecting consumer caution, KB Home stock fell 1% as executive chairman Jeffrey Mezger cited "geopolitical uncertainty and broader economic headwinds," while General Mills noted growth was "driven by a continued challenging consumer backdrop."
- President Donald Trump stated he faces a "big decision" on whether to "annihilate" the Islamic Republic amid ongoing war tensions, which have kept Brent prices nearly $30 higher than at this point last year.
- Chinese President Xi Jinping arrives in Washington on Wednesday for a state visit and meetings with Trump to steady fragile ties, with artificial intelligence and trade expected to dominate the diplomatic agenda.
40 Articles
40 Articles
U.S. stocks slide on worries about inflation
NEW YORK — Pressure from the U.S. bond market hit a new level on Wall Street Wednesday after a surprisingly strong report on the economy raised worries about inflation, while oil prices halted their slide. The squeeze caused U.S. stocks to sink.
Dow Drops 352 Points as Inflation Worries Rise
Pressure from the US bond market hit a new level on Wall Street after a surprising strong report on the economy raised wars about inflation, while oil prices stopped their slide. The squeeze caused US stocks to link Wednesday. The S&P 500 fell 58.61 points, or 0.8%, to...
Reformatorisch Dagblad
Wall Street closed lower on Wednesday. Investors are following the negotiations to end the conflict in the Middle East. They are also looking ahead to the important summit between the United States and China, which takes place on Thursday. Oil prices rose, fueling fears of higher inflation.
Sydney Morning Herald
ASX set to slump as bond market pressure rattles Wall Street; Oil prices jump
Pressure from the US bond market hit a new level on Wall Street after a surprisingly strong report on the economy raised worries about inflation, while oil prices halted their slide.
Hamilton Journal-News
Pressure from the bond market hits a new level on Wall Street, and stocks slide on inflation worries
Pressure from the U.S. bond market hit a new level on Wall Street after a surprisingly strong report on the economy raised worries about inflation, while oil prices halted their slide. The squeeze caused U.S. stocks to sink Wednesday, and the S&P 500 slid 0.7%. The Dow Jones Industrial Average dropped 299 points, while the Nasdaq composite fell 1.1% from its all-time high. The yield on the 10-year Treasury jumped to 5.12% and is back to where it…
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