LONDON, Oct 25 - Stocks seesawed on Wednesday after the latest round of earnings prompted concern among investors over the economic outlook, as even Google parent Alphabet disappointed, adding to the angst over painfully high interest rates.
U.S. Treasuries held onto a bounce-back after the 10-year yield breached 5% on Monday. The 10-year note last yielded 4.857%. "Stocks have picked up somewhat in the past 24 hours, but it’s now up to Meta tonight and Amazon tomorrow to provide the kind of good news that might give stocks a reason to rally into month-end."
Adding a gloomier note was a report that Country Garden , China's biggest private property developer, had been deemed in default on a U.S. dollar bond for the first time.
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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.
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Rising bond yields, Middle East conflict weigh on European stocksKitco 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.
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10-yr Treasury yields pull back from 5%, helping weary stocksKitco 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.
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