Stocks are falling Wednesday, as Wall Street loses some more momentum following its torrid run so far this year.
In the bond market, the yield on the 10-year U.S. Treasury rose to 4.08% from 4.04% late Tuesday. It helps set rates for mortgages and other important loans. The two-year U.S. Treasury yield fell to 4.89% from 4.91% after its price rose. "Yes, it's good to call out the fiscal situation, but when a country only issues debt in its own currency, the credit rating is irrelevant. Every investment fund I've looked at specifies that US Treasury securities are allowed investments, regardless of what a credit rating agency might think."
A job market that remains solid despite high interest rates would keep a lid on worries about a possible recession. But investors also fear a too-strong reading would scare the Federal Reserve into believing too much upward pressure still exists on inflation. Wednesday's stronger-than-expected report from ADP could be a signal of what Friday's more comprehensive jobs report from the U.S. government will say. That upcoming report is one that Fed Chair Jerome Powell has highlighted as a key datapoint before the central bank decides its next move in September.
The majority of companies this reporting season, though, has been topping profit expectations. That's usually the case, and expectations were quite low coming into this reporting season. Analysts were forecasting the worst drop for S&P 500 earnings per share in years.
Colombia Últimas Noticias, Colombia Titulares
Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.
Fuente: CTVNews - 🏆 1. / 99 Leer más »
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »
Fuente: GlobalNational - 🏆 81. / 51 Leer más »