Wall St dips, dollar gains on mixed earnings, economic worries

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Wall Street headed lower and the safe-haven dollar strengthened as a spate of mixed earnings and soft economic data dampened investor risk appetite.

gained ground against a basket of world currencies as worries over corporate results and the global economic outlook deepened.The Japanese yen strengthened 0.31% versus the greenback at 133.83 per dollar, while Sterling was last trading at $1.2399, down 0.66% on the day.

Benchmark Treasury yields extended their drop but three-month yields jumped as market participants juggled concerns over the looming debt ceiling deadline and ongoing concerns - exacerbated by First Republic results - of a liquidity crisis in the regional banking sector.The 30-year bond last rose 51/32 in price to yield 3.6395%, from 3.729% late on Monday.reversed Monday's gain, plunging as economic worries offset optimism over China demand expectations.

 

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