This report is from today's CNBC Daily Open, our international markets newsletter. CNBC Daily Open brings investors up to speed on everything they need to know, no matter where they are. Like what you see? You can subscribe. Not only was that Tesla's first annual drop in deliveries, the figure was also below expectations, according to a consensus of estimates compiled by StreetAccount. Delivery are the closest approximation of sales reported by Tesla.
But, like workers shedding the new year festivities and glumly marching back to the office, stocks lost their sheen, began tilting down and closed the session lower.lost 0.16%. Their loss on Thursday means the S&P and Nasdaq have closed lower for five consecutive sessions, their longest losing streaks since April.began to climb and, at 12 p.m. U.S. time, was close to touching 4.6%. That coincided with the time stocks began to decline: The S&P 500 lost around 60 points between 12 p.m.
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Stocks Fall for Fifth Straight Session as Treasury Yields ClimbThe S&P 500 is on track for its fifth consecutive day of decline as Treasury yields continue to rise. Energy and utilities were the only sectors in the green, while consumer discretionary, technology, and materials lagged.
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Stocks Fall for Fifth Day as Treasury Yields SurgeU.S. stocks closed lower for a fifth consecutive session as treasury yields climbed to 4.6%, prompting investors to favor safer assets. Tech companies like Tesla faced challenges, with the electric car maker reporting its first annual drop in deliveries below expectations. Meanwhile, European Union officials expressed concern about the potential impact of a recession on the bloc's economy.
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Stocks End First Week Lower as Treasury Yields ClimbUS stocks closed lower for a fifth straight day as the 10-year Treasury yield surged above 4.5%. Investors are increasingly drawn to safer assets like bonds amid concerns about the economic outlook.
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Stocks Decline, 10-Year Treasury SurgesMajor stock indexes closed lower for a fifth consecutive session as the 10-year Treasury yield climbed to near 4.6%. This signals a shift in investor preference towards safer assets like bonds.
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Stocks Week Ahead: Treasury Auctions Could Drive Further Bear SteepeningMarket Overview Analysis by Michael Kramer covering: Euro US Dollar, US Dollar Japanese Yen, Nasdaq 100, S&P 500. Read Michael Kramer's latest article on Investing.com
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CNBC Daily Open: U.S. stocks start December chilly; Korea stocks tumble on political chaosDecember may have triggered the thawing of Mariah Carey, but stocks are beginning the month chilly, though unlikely they’ll remain in permafrost this…
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