News Formal

Stock market today: Wall Street drifts lower as pressure rises from the bond market

  • 📰 SooToday
  • ⏱ Reading Time:
  • 45 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 21%
  • Publisher: 85%

대한민국 뉴스 뉴스

대한민국 최근 뉴스,대한민국 헤드 라인

NEW YORK (AP) — Wall Street is drifting lower in early trading as pressure from the bond market continues to build. The S&P 500 was down 0.5% early Monday. The Dow lost 171 points, and the Nasdaq composite was off 0.6%.

Rapidly rising yields in the bond market have been knocking stock prices lower since the summer. The yield on the 10-year Treasury briefly topped 5.02% early Monday to touch its highest level since 2007. Oil prices fell to ease some of the pressure on inflation. Chevron dropped after saying it would buy rival Hess for $53 billion, the latest huge deal in the oil-and-gas industry.

The Federal Reserve raised its overnight interest rate rapidly hoping to quash high inflation, which has come down from its peak last summer. The yield on the 10-year Treasury has recently has been catching up to the Fed's main interest rate, which is already above 5.25% — its highest level since 2001.

The escalation of conflict in the Middle East has rattled markets, adding to uncertainty about oil supplies from the region if the fighting spreads. International investors have been shifting their assets out of Chinese shares due to simmering geopolitical tensions, challenging economic conditions, and a crisis in the property industry.Shares in Taiwan-based Foxconn Technology Co., a Fortune 500 company known for making Apple iPhones, fell 2.2% after Chinese state media reported over the weekend that the company has been subjected to searches by Chinese tax authorities.

 

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:

 /  🏆 8. in KR

대한민국 최근 뉴스, 대한민국 헤드 라인

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

Wall Street analysts on impact of rising yields on stocksSeveral Wall Street analysts, including Morgan Stanley's Mike Wilson and RBC Capital Markets' Lori Calvasina, published notes illustrating stock market risks...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Wall St opens lower as 10-yr yield hits 5%; Big Tech earnings in focusKitco 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.
출처: KitcoNewsNOW - 🏆 13. / 78 더 많은 것을 읽으십시오 »

Stock Pickers Sidelined With World Events Overshadowing Earnings(Bloomberg) -- Earnings season typically is the time when investors can look past macroeconomic forces and focus on company-specific news moving stocks. This...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »

Stock Pickers Sidelined With World Events Overshadowing EarningsEarnings season typically is the time when investors can look past macroeconomic forces and focus on company-specific news moving stocks. This quarter, however, is turning out to be anything but typical.
출처: BNNBloomberg - 🏆 83. / 50 더 많은 것을 읽으십시오 »

11 charts to make sense of the stock marketThere seems to be a lot on investors’ minds lately. Fortunately, there are also lots of really smart people sharing charts that help contextualize all these ...
출처: YahooFinanceCA - 🏆 47. / 63 더 많은 것을 읽으십시오 »