A photographer takes photos of an electronic board showing Japan’s yen and U.S. dollar exchange rate at a securities firm Thursday, April 11, 2024, in Tokyo. A person walks past an electronic stock board showing Japan’s stock prices at a securities firm Thursday, April 11, 2024, in Tokyo. People walk past an electronic stock board showing Japan’s stock prices at a securities firm Thursday, April 11, 2024, in Tokyo.
On Wednesday, the S&P 500 dropped 0.9% to 5,160.64. The Dow Jones Industrial Average dropped 1.1% to 38,461.51, and the Nasdaq composite fell 0.8% to 16,170.36. The yield on the 10-year Treasury jumped to 4.54% from 4.36% late Tuesday and is back to where it was in November. The two-year yield, which moves more on expectations for Fed action, shot even higher and rose to 4.97% from 4.74%.High interest rates work to undercut inflation by slowing the economy and hurting investment prices. The fear is that rates left too high for too long can cause a recession.
Real-estate stocks in the S&P 500 fell 4.1% for the biggest loss by far among the 11 sectors that make up the index. That included a 6.1% drop for office owner Boston Properties and a 5.3% tumble for Alexandria Real Estate Equities.
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Herkunft: AP - 🏆 728. / 51 Weiterlesen »
Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts. Chinese markets rose while shares fell in Tokyo and Seoul Monday. The Chinese yuan dipped to its lowest level in four months. Oil prices advanced and U.S. futures were lower.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »
Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts.
Herkunft: wjxt4 - 🏆 246. / 63 Weiterlesen »
Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts. Chinese markets rose while shares fell in Tokyo and Seoul. The Chinese yuan dipped to its lowest level in four months. Oil prices advanced and U.S. futures were lower.
Herkunft: AP - 🏆 728. / 51 Weiterlesen »
Stock market today: Asian shares trade mixed after Wall Street closes near record finishAsian shares are trading mixed as investors await further indications of future U.S. interest rate cuts.
Herkunft: ksatnews - 🏆 442. / 53 Weiterlesen »