On Wednesday, US stock indexes turned higher and rebounded, largely helped by sliding Treasury yields from multiyear highs, and a surprise intervention from the Bank of England in the UK gilt, or government-issued bonds market, but Wall Street stocks were still in danger of recording a seven-day losing streak.
On Tuesday, the Dow Jones Industrial Average fell 126 points, or 0.43%, to 29135, the S&P 500 declined 8 points, or 0.21%, to 3647, and the Nasdaq Composite gained 27 points, or 0.25%, to 10830.
The British pound stabilized after the Bank of England announced a bond-buying plan. The Dow Jones Industrial Average gained 441 points, or about 1.5%. The S&P 500 jumped 1.6%, one day after the index broke below the June intraday low. The Nasdaq Composite was up 1.5%. The Dow and the S&P 500 were on pace to snap a six-day losing streak.
The Bank of England said it would temporarily purchase long-dated UK government bonds in an effort to stabilize its plunging currency. Sterling briefly popped on the news and was last trading 0.1% lower against the dollar at $1.0726.<\/p>\n","protected":false},"excerpt":{"rendered":"
On Wednesday, US stock indexes turned higher and rebounded, largely helped by sliding Treasury yields from multiyear highs, and a surprise intervention from the Bank of England in the UK gilt, or government-issued bonds market, but Wall Street stocks were still in danger of recording a seven-day losing streak.On Tuesday, the Dow Jones Industrial Average …<\/p>\n","protected":false},"author":13,"featured_media":61273,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0,"footnotes":""},"categories":[39,36],"tags":[6967,7548,6902,6984],"class_list":["post-73085","post","type-post","status-publish","format-standard","has-post-thumbnail","","category-global-stock-markets","category-market-updates","tag-boe","tag-bond-yields","tag-dow-jones","tag-treasury-yields"],"_links":{"self":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73085","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/users\/13"}],"replies":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/comments?post=73085"}],"version-history":[{"count":2,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73085\/revisions"}],"predecessor-version":[{"id":73090,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/posts\/73085\/revisions\/73090"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media\/61273"}],"wp:attachment":[{"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/media?parent=73085"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/categories?post=73085"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/noortrends.ae\/en\/wp-json\/wp\/v2\/tags?post=73085"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}