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Wall St Tepid at Open as Oil Prices, Treasury Yields Rise
Higher crude prices, rising Treasury yields and weaker AI demand outlooks kept investors cautious as energy shares outperformed, Reuters reported.
- Wall Street's main indexes opened lower on Tuesday, Sep 15, as the Dow Jones Industrial Average fell 118.0 points, or 0.23 per cent, amid elevated Treasury yields, rising oil prices, and uncertain technology demand.
- The Labor Department report last week showed consumer prices accelerated, while the benchmark 10-year Treasury note yield hit 5.0019%, its highest since 2007, as The Middle East conflict elevated oil prices and deepened supply shock concerns.
- Energy and technology sectors rose 1.4% and 0.4% respectively, while shares of PLAY tumbled more than 12% after missing revenue expectations. "Delays are not good on Wall Street," Joe Saluzzi, co-founder and co-head of equity trading at Themis Trading, said.
- Traders are pricing in a 93% chance of a Federal Reserve interest rate hike on Wednesday, as investors brace for what many expect to be the first in a series of rate increases.
- Uncertainties surrounding technology demand and ongoing The Middle East conflict continue to keep investors cautious, as above-target inflation has already clouded the backdrop for equities and heightened borrowing cost concerns.
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ProtothemaReposted by 
Pentapostagma
PentapostagmaUS stocks corrected ahead of the Fed's decision on Wednesday as soaring bond yields, a rally in oil and concerns about artificial intelligence worry investors.
·Marousi, Greece
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Wall St set to open lower as rising oil and yields deepen market gloom
·London, United Kingdom
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Crypto BriefingReposted by 
Cryptocurrency News | Cryptocurrency Prices | Market Cap
Cryptocurrency News | Cryptocurrency Prices | Market CapS&P 500 and Nasdaq close at lowest levels in over a month as oil and yields bite
Rising oil prices and bond yields could dampen economic growth, strain corporate profits, and shift investor focus from equities to safer assets.
As U.S. long-term Treasury yields hit their highest level since 2007 and international oil prices surged, the three major U.S. indices all closed lower on the 15th (local time).
Coverage Details
Total News Sources16
Leaning Left0Leaning Right3Center3Last UpdatedBias Distribution50% Center, 50% Right
Bias Distribution
- 50% of the sources are Center, 50% of the sources lean Right
50% Right
C 50%
R 50%
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