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Stocks slide as week of battering by yields nears end: Stock market news today

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Investors looking to earnings to lift the downbeat mood have yet to find relief, despite strong financial reports.

US stocks continued to slide during late-morning trading on Friday, with benchmark Treasury yields on the retreat after spiking to 5% in the wake of“The underlying message is 'don’t be looking for a bailout from the Fed anytime soon,'” Greg Whiteley, a portfolio manager at DoubleLine, told Reuters. "That gives people the go ahead to take rates above 5%.”

The pop star writes in her new memoir, The Woman in Me, that at times she believed her family was trying to kill her.A court in St Petersburg has imposed unspecified "interim measures" against Carlsberg in favour of Baltika Breweries, court filings showed, after the Danish brewer stopped licensing its brands in Russia this month.

 

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