Stock market likely to correct if 10-year Treasury yield reaches 5%, RBC says

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 27 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 14%
  • Publisher: 97%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

The 10-year Treasury yield's recent push above 4.3% is aborting an upswing for stocks that began year ago, says Robert Sluymer, technical strategist at RBC...

U.S. stocks probably can’t resume their rally from the lows of last October until the recent sharp rise in longer-dated Treasury yields reverses, according to Robert Sluymer, technical strategist at RBC Wealth Management.

“Rising interest rates and a rising U.S. dollar DXY remain major headwinds for equities that will need to reverse for equities to bottom,” Sluymer wrote, in a Tuesday client note.rates, a move above 4.5%-5% by the U.S. 10-year yield has proven to be an important headwind for the secular uptrend for equities.

The Dow on Tuesday skidded 1.3%, posting its worst daily drop since the March banking crisis, cementing its lowest close since late May at 33,002, and erasing its gains for 2023, according to Dow Jones Market Data.

이 소식을 빠르게 읽을 수 있도록 요약했습니다. 뉴스에 관심이 있으시면 여기에서 전문을 읽으실 수 있습니다. 더 많은 것을 읽으십시오:

 /  🏆 3. in KR
 

귀하의 의견에 감사드립니다. 귀하의 의견은 검토 후 게시됩니다.

대한민국 최근 뉴스, 대한민국 헤드 라인

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

Stock Market Today: Dow ends lower on rising Treasury yields as US averts shutdown By Investing.comStock Market Today: Dow ends lower on rising Treasury yields as US averts shutdown
출처: Investingcom - 🏆 450. / 53 더 많은 것을 읽으십시오 »

Steer clear of European luxury stocks, says RBC, as Citi upgrades the sectorEuropean luxury groups face a number of headwinds says RBC analyst. But Citi disagrees.
출처: MarketWatch - 🏆 3. / 97 더 많은 것을 읽으십시오 »