Market News / Story
Dow Falls Nearly 200 Points, S&P 500 And Nasdaq In Red As Treasury Yields Stay Near 24-Year Highs, Oil Prices Jump
Stocktwits ·
Stocktwits reports: U.S. stocks slipped on Thursday as investors continued to track elevated Treasury yields while crude prices jumped. The Dow Jones Industrial Average fell 181 points, or 0.4%, shortly after the opening bell. The S&P 500 dipped 0.4%, and the Nasdaq Composite fell 0.5% shortly after the opening bell. Skyworks Solutions (SWKS) led the S&P 500 losses, down over 5%, followed by Coherent (COHR), Corning (GLW), Lumentum (LITE) and Super Micro Computer (SMCI), while Palantir…
Related stories
US Treasury yields rise as Fed’s Waller says more hikes needed, investors await 30-year auctionRead story summary
U.S. Treasury yields climbed higher on Thursday ahead of a closely watched long-dated bond auction later. The benchmark 10-year Treasury yield was 4 basis points higher at 5.322%, after reaching its highest level since 2002 on Wednesday before retreating later in the day. The 30-year Treasury bond yield rose over 4 basis points to 5.705%, after trading just ...
VIEW SOURCE
US dollar holds near 18-month high, euro lags as bond yields riseRead story summary
The dollar edged towards its strongest level in 18 months on Thursday, after minutes from the US Federal Reserve signalled policymakers viewed inflation as the biggest risk to their outlook, while higher oil prices and rising euro zone bond yields have weighed on the euro. The global bond selloff has been the dominant driver in currency markets in recent ...
VIEW SOURCE