S&P 500 Slides Fourth Straight Day as Oil Prices, Yields Surge
6 Articles
6 Articles
(New York = Yonhap News) Correspondent Lim Soo-jung = The three major New York stock indices fell for the fourth consecutive day on the 10th (local time) amid soaring international oil prices and a surge in U.S. Treasury yields.
S&P 500 Slides Fourth Straight Day as Oil Prices, Yields Surge
Host: Huang Jianzhen; Guest: Tan Zhile, Senior Strategist, E Fund Asset Management (Hong Kong); Market Focus: The Dow Jones Industrial Average fell as much as 417 points, closing down 316 points.
On October 10, the Dow Jones Industrial Average on the New York Stock Exchange fell for the fourth consecutive trading day, closing down 316.56 points at 52,064.10. The Nasdaq Composite Index, which is dominated by technology stocks, also continued its decline, falling 171.62 points to 26,081.72.
The actions in the United States closed down this Thursday, after the data on the ...
And it doesn't help that long-term US market rates continue to climb and that more and more people are expecting an interest rate hike from Federal Reserve Governor Kevin Warsh next week.
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