from Nvidia work against weakness elsewhere in the market. In the latest example of how good news for the economy isn’t necessarily good for Wall Street, a report suggesting accelerating growth for U.S. business activity raised worries about interest rates staying high.
Concern has grown that Wall Street’s frenzy around the potential for AI has created a bubble where prices have grown too high and expectations have become too tough. But the continued skyrocketing growth for Nvidia, which has grown into one of Wall Street’s most influential stocks, helped lift others only further.
But the majority of stocks were falling on Wall Street as pressure rose on them from rising Treasury yields in the bond market. A couple reports suggesting the U.S. economy remains strong forced traders to rethink some bets about when the Federal Reserve can offer financial markets relief by lowering interest rates.
The yield on the 10-year Treasury rose to 4.47% from 4.43% late Wednesday. The two-year yield, which more closely tracks expectations for action by the Federal Reserve, climbed to 4.92% from 4.87%.
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:
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.
Stock market today: Asian shares edge lower after Wall Street sets more recordsAsian markets are mostly lower after U.S. stocks hit new record highs.
Source: wjxt4 - 🏆 246. / 63 Read more »
Stock market today: Asian shares edge lower after Wall Street sets more recordsAsian markets are mostly lower after U.S. stocks hit new record highs.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian shares edge lower after Wall Street sets more recordsAsian markets are mostly lower after U.S. stocks hit new record highs. U.S. futures and oil prices also slipped. Tokyo's Nikkei 225 fell after Japan reported that its trade deficit rose last month as rising costs for imports outpaced an 8% rise in exports from the year before. On Tuesday, the S&P 500 rose 0.3% to surpass its record set last week.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks advance after Wall Street closes out another winning weekAsian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time. U.S.
Source: AP - 🏆 728. / 51 Read more »
Stock market today: Asian stocks advance after Wall Street closes out another winning weekAsian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time.
Source: ksatnews - 🏆 442. / 53 Read more »
Stock market today: Asian stocks advance after Wall Street closes out another winning weekAsian stocks have advanced after U.S. stock indexes drifted near their records on Friday with the Dow Jones Industrial Average finishing above 40,000 for the first time.
Source: wjxt4 - 🏆 246. / 63 Read more »