Borrowing Yields to Record High: Stable Consumer Climate Boosts Tech Values
8 Articles
8 Articles
US investors are eagerly looking at the consumer price index, which indicates a cooling inflation. Interest-rate fears are decreasing, especially tech-values are accounting for profits. However, rising bond yields provide a damper to the end of the day.
S&P 500 falls 0.25%, Dow loses 444 points, while Nasdaq gains 0.24%; European stocks finish lower
The New York stock market closed mixed, despite lower-than-expected inflation data, due to selling pressure in the bond market. The Dow Jones fell 0.86%, the S&P 500 dropped 0.25%, while the Nasdaq gained 0.24%.
[Digital Daily Reporter Lee Sang-il] The U.S. New York stock market closed mixed on September 30 (local time) amidst concerns over rising long-term Treasury yields. The Dow Jones Industrial Average (Dow Index) and the Standard & Poor's (S&P) 500 Index fell, while the technology-heavy Nasdaq Composite Index rose, driven by strong performance from large tech stocks such as Nvidia. On the New York Stock Exchange (NYSE), the Dow Index closed at 50,…
Wall Street ended trading mixed on Wednesday, with technology stocks continuing to outperform despite a rapid rise in Treasury yields that has pushed up borrowing costs across the economy.
Mixed signs on Wall Street as falling US inflation supported stocks, while a new rise in US bond yields reinforced investor caution
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