U.S. stock indexes fell on Wednesday shortly after strong private jobs in September was announced. The ADP National Employment Report showed private payrolls increased by 568,000 jobs last month. Economists polled by Reuters had forecast a rise of 428,000 jobs.The jobs data fueled investors’ concerns that the U. S. Fed …
Read More »US Bond Yields Stabilize Below Their High Levels
The yield on the benchmark 10-year Treasury was at 1.49% in the first full trading week of October, below a 3-month high of 1.56% last week, as traders continue to digest the prospects for an early Fed tightening despite ongoing inflationary pressure. Last week, Fed Chair Powell said at the …
Read More »Wall Street stocks sharply lower over U.S. Treasury yield gains
The sharp lows on Tuesday of Wall Street stocks is deepening concerns over persistent inflation and price hikes, as debt ceiling negotiations continue in Washington.All three major U.S. stock indexes slid by nearly 2% or even more, with interest rate sensitive tech and tech adjacent stocks while investors lost risk …
Read More »Bond yields struck high flying stocks of 2021
U.S. stocks stumbled Tuesday, logging their sharpest pullback since May 2021, as rising bond yields impacted shares of technology companies.A number of stocks were hit hard including Moderna, Nvidia and Google holding company Alphabet. Shares of Moderna were down nearly 7% in mid-day trading session. The Federal Reserve’s signaled policy …
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