Stocks open mostly lower, with S&P 500 turning negative for week

Stocks were trading modestly lower after the opening bell Friday, with the S&P 500 turning negative for the week as Treasury yields push to levels last seen in late 2018.

An early rally for equities on Thursday turned into a rout after Federal Reserve Chairman Jerome Powell signaled that a half-point rate hike was"on the table" in May and, moreover, indicated the potential for further half-point moves in future meetings, saying that"front-end loading" of rate moves might make sense. The Dow Jones Industrial Average DJIA, -0.84% was down 211 points, or 0.6%, while the S&P 500 was off 0.4% and the Nasdaq Composite lost 0.1%.

Transition to higher interest rates means one step forward one step back at this point

Indonesia Berita Terbaru, Indonesia Berita utama

Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.

S&P 500 holds above 4,450 while Nasdaq 100 underperforms as Netflix shares take post-earnings batteringUS equity markets were mixed on Wednesday, with a steep more than 35% drop in Netflix shares weighing on the Nasdaq 100 index and tech stocks more bro
Sumber: FXStreetNews - 🏆 14. / 72 Baca lebih lajut »