A screen displays trading information for Morgan Stanley on the floor of the New York Stock Exchange. Morgan Stanley's shares ended down 6.8% on Wednesday after third-quarter profit showed a hit from lethargic dealmaking. – ReuterspicUS stocks ended sharply lower on Wednesday , with the S&P 500 and Nasdaq falling more than 1% each, as Treasury yields rose again and investors assessed the latest batch of quarterly corporate results and forecasts.
Mounting tensions in the Middle East stoked risk aversion. Safe-haven gold hit its highest level in more than two months. The Cboe Volatility index, Wall Street’s fear gauge, jumped. “We’re in a period of sector rotation, and people are trying to figure out in this new environment – in a full reset of rates across the curve – what are the stocks that are going to continue to do well and what are the stocks that are going to suffer,” said Rick Meckler, partner at Cherry Lane Investments, a family investment office in New Vernon, New Jersey.Higher yields from risk-free US Treasuries dull the appeal of stocks.
Morgan Stanley's third-quarter profit showed a hit from lethargic dealmaking. Shares ended the day down 6.8%.
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Wall Street ends mixed, US Treasury yields spike on robust data, solid earningsNEW YORK, Oct 18 — The Nasdaq dipped and benchmark US Treasury yields surged yesterday as robust economic data and strong third-quarter earnings sugested the Federal Reserve may...
Baca lebih lajut »