Wall St ends mixed, dollar dips as tech surges and recession fears weigh

  • 📰 Reuters
  • ⏱ Reading Time:
  • 7 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 6%
  • Publisher: 97%

Business Business Headlines News

Business Business Latest News,Business Business Headlines

U.S. stocks wavered to a mixed close on Wednesday as tech strength boosted the Nasdaq, while weak economic data and ongoing wrangling in Washington over the debt ceiling weighed on cyclicals and the dollar.

Benchmark 10-year Treasury yields rose while yields on one-month bills tumbled ahead of a possible vote on the U.S. debt ceiling.The 30-year bond fell 28/32 in price to yield 3.7013%, from 3.652% late on Tuesday.softened against a basket of major world currencies on signs of an economic slowdown following weak economic data, and as debate over raising the debt limit continued in Washington.The Japanese yen strengthened 0.08% 133.63 per dollar, while Sterling was last trading at $1.2462, up 0.

U.S. crude plunged 3.59% to settle at $74.30 per barrel, while Brent settled at $77.69 per barrel, down 3.81% on the day.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 2. in BUSÄ°NESS

Business Business Latest News, Business Business Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Microsoft surge sees Nasdaq futures lead market reboundA sharp rally in Microsoft stock, alongside less ebullient gains for Alphabet's shares, looked set to spark a rebound for Wall Street on Wednesday.
Source: MarketWatch - 🏆 3. / 97 Read more »

Nasdaq underperforms on worries about tech earnings aheadThe Nasdaq closed lower on Monday, underperforming the S&P 500 and the Dow, with pressure from high-profile megacaps as investors awaited results from companies including Microsoft while Tesla shares fell on concerns about its spending plans.
Source: Reuters - 🏆 2. / 97 Read more »

STOCK MARKET UPDATES: UK blocks Microsoft Activision deal, First Republic shares sink, Nasdaq leadsMicrosoft-Activision $69 billion deal is blocked by the UK, the Nasdaq rallies helped by tech earnings ahead of eBay, Amazon and Meta. First Republic fights for survival and the debt ceiling fight intensifies on Capitol Hill. FOX Business is providing real-time updates on the markets, commodities and all the most active stocks on the move.
Source: FoxBusiness - 🏆 458. / 53 Read more »