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Stocks, Treasury yields retreat amid mixed earnings, economic data

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Oct 26 - Shares around the world fell and U.S. Treasury yields retreated on Thursday as investors digested mixed U.S. economic and corporate signals.

Quincy Krosby, chief global strategist at LPL Financial in Charlotte, said U.S. economic growth has prompted market concerns that the Fed may need to increase interest rates again before the end of the year to quell inflation. Meta Platforms fell about 3.7% on a weaker outlook, while megacaps Tesla and Microsoft fell 3.1% and 3.75% respectively, dragged by high interest rates.

"Market participants were thinking that they'd be getting a treat by now, not a trick," he said in an email.

 

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