US Stocks Slip After Bond Yields Jump on Higher Oil Prices and a Strong Economic Report
Brent crude rose 2.4% and the 10-year Treasury yield topped 5%, adding pressure on stocks as investors watched Middle East talks and the U.S.-China summit.
- Wall Street's main indices opened lower on Wednesday, with the Dow Jones Industrial Average falling 92.3 points as investors navigated rising crude prices and government bond yields.
- Uncertainty surrounding the Middle East conflict kept energy markets sensitive, while the upcoming US-China summit added to broader geopolitical caution ahead of negotiations.
- The 10-year Treasury yield jumped to 5.05% from 4.96% late Tuesday, a considerable move for the bond market, while Brent crude oil rose 2.4% to $101.59.
- Fed Gov. Michael Barr said Wednesday that further policy adjustments are likely needed to ensure inflation comes down to target in a timely fashion.
- Global markets reflected caution as stock indexes fell 1% in Hong Kong and 0.4% in Shanghai ahead of Chinese President Xi Jinping's state visit to Washington to meet President Donald Trump.
14 Articles
14 Articles
European stock markets opened on a positive note on Wednesday, with oil prices still trading below $100 as supply concerns in the Middle East eased. However, as the day wore on, stock markets began to turn around, with European markets down sharply by the afternoon, and the US also weakening. Investors are now focusing on the meeting between Donald Trump and Xi Jinping and diplomatic developments in Iran, while the possibility of another Fed rat…
(Seoul = Yonhap News) Reporter Yoon Jung-won of Yonhap Infomax = The three major stock indices of the New York stock market opened lower due to the impact of rising oil prices and government bond yields.
Wall St opens lower as oil, bond yields mover higher
Sept 23 (Reuters) - Wall Street's main indexes opened lower on Wednesday, pressured by rising crude prices and government bond yields as investors awaited developments from negotiations to end the Middle East conflict ahead of the high-stakes US...
U.S. stocks slip after bond yields jump on higher oil prices and a strong economic report
NEW YORK — U.S. stocks are falling on Wednesday after oil prices halted their weeklong run of easing and a surprisingly strong report on U.S. business activity raised worries about inflation.
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