News Formal

Dow falls 230 points, stocks drop as Treasury yields climbs above 4%

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 59 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 27%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

U.S. stocks were heading lower in the final hour of trade Thursday as long-term Treasury rates shot above 4% and a surprisingly resilient U.S. economy ramped...

U.S. stocks were heading lower in the final hour of trade Thursday as long-term Treasury rates shot above 4% and a surprisingly resilient U.S. economy ramped up concerns of the Federal Reserve needing to keep rates higher for longer to contain inflation.

The Dow Jones Industrial Average DJIA, -0.68% was down about 223 points, or 0.6%, to about 35,298, according to FactSet data. The S&P 500 index SPX, -0.58% was 0.5% lower and the Nasdaq Composite Index COMP, -0.49% was off 0.4%, at last check. “The entire advance in the stock market was a recession is going to happen and the Fed is going to lower rates,” said Kent Engelke, chief economic strategist at Capitol Securities Management, in a phone interview. But second-quarter GDP data sped up to 2.4% on a yearly basis compared with 2% growth in the quarter ended in March, according to a Thursday update.

Fed Chair Jerome Powell also said Wednesday that Fed staff view a U.S. recession as avoidable, in a press conference after the central bank bumped up its policy rate to the highest level in 22 years. Investors on Thursday also were focused on a report indicated that Japan may be looking to throw in the towel on its policy of yield curve control, or keeping borrowing rates in check. Yields in the 10-year Treasury TMUBMUSD10Y, 4.005% and 30-year note TMUBMUSD30Y, 4.053% were both shooting higher, above 4%, at last check, according to FactSet.

 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.
이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

Similar News:다른 뉴스 소스에서 수집한 이와 유사한 뉴스 기사를 읽을 수도 있습니다.

These are the companies that had the biggest impact on the Dow's historic winning streakThe Dow Jones Industrial Average will likely conclude its historic 13-session winning streak on Thursday.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »

Stock market news today: Dow notches its 12th straight winDow notches 12th straight win as US stocks rally ahead of Fed policy decision
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Stock market news today: Dow win streak at risk amid Fed meetingThe Dow's win streak is at risk as US stocks drop ahead of expected Fed rate hike
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Stock market news: Dow notches 13-day win streak, longest since 1987Dow notches longest winning streak since 1987 after latest Fed rate hike
출처: BusinessInsider - 🏆 729. / 51 더 많은 것을 읽으십시오 »

Stock Market Today: Dow Futures Edge Up as More Earnings Roll InLive coverage of what's moving stocks and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
출처: WSJ - 🏆 98. / 63 더 많은 것을 읽으십시오 »