Wall Street drifts lower as pressure from the bond market stays high

  • 📰 latimes
  • ⏱ Reading Time:
  • 24 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 13%
  • Publisher: 82%

Brasil Notícia Notícia

Brasil Últimas Notícias,Brasil Manchetes

Wall Street is drifting lower Thursday as pressure from the bond market remains high due to worries about a too-hot U.S. job market.

Wall Street is drifting lower Thursday, as pressure from the bond market remains high due to worries about a too-hot U.S. job market. The Standard & Poor's 500 was 0.4% lower in morning trading, the latest stumble in what's been an ugly run since the start of August. The Dow Jones industrial average was down 31 points, or 0.1%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.6% lower.

The 10-year Treasury is the centerpiece of the bond market, and movements in its yield ripple across the entire economy. Where it's heading in the next three to six months has a wide range of potential outcomes, according to Bruno Braizinha, rates strategist at Bank of America. Braizinha said the yield could drop back to 4% to 4.25% if upcoming reports show the economy weakening enough to undercut inflation but not so much that it causes a sharp recession.

 

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

 /  🏆 11. 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 today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall StreetAsian markets are trading sharply lower after Wall Street tumbled as it focused on the...
Fonte: SFGate - 🏆 534. / 51 Consulte Mais informação »

Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall StreetAsian markets are trading sharply lower after Wall Street tumbled as it focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high.
Fonte: AP - 🏆 728. / 51 Consulte Mais informação »

Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall StreetMarkets in Europe and Asia are mostly lower after Wall Street tumbled as investors focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high.
Fonte: wjxt4 - 🏆 246. / 63 Consulte Mais informação »