REUTERS: Wall Street's main indexes slipped on Tuesday as investors pulled out of heavyweight tech-related stocks and flocked to undervalued banks and industrial stocks amid a rise in U.S. bond yields.
"We are going through a period where people are adjusting to slightly higher rates," said Jon Maier, chief investment officer at Global X ETFs in New York. Bank stocks rebounded 1.7per cent as investors took heart from signs that the impact from the fall of a U.S. hedge fund didn't ripple out to broader markets.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Wall Street opens lower as spike in yields pressures tech stocksWall Street's main indexes opened lower on Tuesday as a rise in U.S. bond yields hit heavyweight tech-related stocks, while undervalued banks and ...
Leer más »
US SEC official warns Wall Street of risks associated with blank-check companiesA U.S. markets watchdog official on Wednesday warned dealmakers in the frothy blank-check market to follow the regulatory demands associated with ...
Leer más »