Stocks, Treasury yields retreat amid mixed earnings, economic data

  • 📰 KitcoNewsNOW
  • ⏱ Reading Time:
  • 26 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 78%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Kitco News collects and features the top financial, economic and geopolitical news from around the world. Kitco's aggregated sources include some of the top newswires in the world including the Association Press, Canadian Press, Japanese Economic Newswire, and United Press International.

Oct 26 - Shares around the world fell and U.S. Treasury yields retreated on Thursday as investors digested mixed U.S. economic and corporate signals.

Quincy Krosby, chief global strategist at LPL Financial in Charlotte, said U.S. economic growth has prompted market concerns that the Fed may need to increase interest rates again before the end of the year to quell inflation. Meta Platforms fell about 3.7% on a weaker outlook, while megacaps Tesla and Microsoft fell 3.1% and 3.75% respectively, dragged by high interest rates.

"Market participants were thinking that they'd be getting a treat by now, not a trick," he said in an email.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 13. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Analysis-Soaring Treasury yields threaten long-term performance of US stocksSoaring U.S. Treasury yields are further boosting the appeal of bonds over stocks, deepening an already painful equity selloff while threatening to weigh on ...
Source: YahooFinanceCA - 🏆 47. / 63 Read more »

Analysis-Soaring Treasury yields threaten long-term performance of US stocksExplore stories from Atlantic Canada.
Source: SaltWire Network - 🏆 45. / 63 Read more »

Soaring Treasury yields threaten long-term performance of U.S. stocksThis year’s climb in Treasury yields is changing a recent dynamic
Source: globeandmail - 🏆 5. / 92 Read more »

Treasury Rout Lures M&G to Buy More as US Stocks Seen Too RiskyUS stocks carry too much risk and buying Treasuries will pay off, according to M&G Plc as the $402 billion fund house navigates the brutal selloff in global markets.
Source: BNNBloomberg - 🏆 83. / 50 Read more »

Stock market news today: Stocks clobbered as Nasdaq drops 2.5% amid Google's slideTreasury yields pushed higher, putting more pressure on already strained tech stocks.
Source: YahooFinanceCA - 🏆 47. / 63 Read more »