Stock market news today: S&P 500 suffers as bond yields spike up

  • 📰 BusinessInsider
  • ⏱ Reading Time:
  • 38 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 18%
  • Publisher: 51%

Brasil Notícia Notícia

Dow dives 697 points as bond yields jump on concerns the Fed will keep raising rates

Stocks plunged Tuesday, continuing to pare gains for the year as investors worry sticky inflation will convince the Federal Reserve to keep interest rates at high levels compared with zero less than a year ago.

The S&P 500 finished with its third straight loss. All 11 sectors of the index finished lower. Consumer discretionary stocks performed the worst after Monday's Presidents' Day holiday. The index marked a second weekly loss last week, stung after regional Fed presidents Loretta Mester and James Bullard said more interest rate hikes may be needed to tame still-hot inflation.

With the potential of the Fed funds rate moving even higher, investors have been selling off bonds, pushing yields higher and chopping down stocks. The pushed past 4.7% and was approaching its highest since 2007. Minutes from the Fed's meeting in February are due Wednesday and the Fed's preferred inflation gauge, the PCE, is due Friday.

 

Obrigado pelo seu comentário. Seu comentário será publicado após ser revisado.

Go and improve 'quality of life.' I don't care how rich you are.

Resumimos esta notícia para que você possa lê-la rapidamente. Se você se interessou pela notícia, pode ler o texto completo aqui. Consulte Mais informação:

 /  🏆 729. in BR

Brasil Últimas Notícias, Brasil Manchetes

Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.

Stock market news today: S&P 500 on track for 3rd losing sessionUS stocks fall as worries persist over the Fed keeping rates higher for longer
Fonte: BusinessInsider - 🏆 729. / 51 Consulte Mais informação »

Nordson stock sinks to pace the S&P 500’s losers, after earnings miss, guidance cutsShares of Nordson Corp. plummeted 13.7% toward a four-month in afternoon trading Tuesday, enough to pace the S&P 500’s decliners, after the maker of products...
Fonte: MarketWatch - 🏆 3. / 97 Consulte Mais informação »