Stock market today: World shares slide after Wall St rout driven by high yields, mixed earnings

FILE - A currency trader watches monitors at the foreign exchange dealing room of the KEB Hana Bank headquarters in Seoul, South Korea, on Oct. 11, 2023. Shares skidded Thursday, Oct. 26 in Asia after Wall Street tumbled as bond yields tightened their chokehold. – Shares skidded Thursday in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold.

On Wednesday, the S&P 500 tumbled 1.4%, back back to where it was in May. Some of the heaviest losses hit Big Tech stocks, which dragged the Nasdaq composite to its second-worst drop of the year. It gave up 2.4%. The Dow industrials fell 0.3%. Hong Kong's Hang Seng lost 0.8% to 16,942.93, while the Shanghai Composite index bounced back from early losses, gaining 0.5% to 2,988.30.have been knocking the stock market lower since the summer. The 10-year yield has been catching up to the Federal Reserve’s main interest rate, which is above 5.25% and at its highest level since 2001 as the central bank tries to get inflation under control.

Malaysia Malaysia Latest News, Malaysia Malaysia Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock market today: World shares slide after Wall St rout driven by high yields, mixed earningsShares have skidded in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold. Sentiment also dimmed after some of the most influential companies turned in mixed profit reports. Tokyo's Nikkei 225 and the Kospi in Seoul were more than 2% lower. U.S. futures slipped and oil prices also fell.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: World shares mixed after China pledges more support for slowing economyWorld shares are mixed after China pledged more spending to counter its economic slowdown. Benchmarks fell in Paris, Frankfurt, Sydney and Seoul but rose in London, Tokyo and Hong Kong. U.S. futures were mixed and oil prices turned higher. On Tuesday, the S&P 500 rose 0.7% and the Dow gained 0.6%. The Nasdaq composite climbed 0.9%.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: World shares mixed after China pledges more support for slowing economyWorld shares are mixed after China pledged more spending to counter its economic slowdown.
Source: ksatnews - 🏆 442. / 53 Read more »

Stock market today: World shares mixed after China pledges more support for slowing economyWorld shares are mixed after China pledged more spending to counter its economic slowdown.
Source: wjxt4 - 🏆 246. / 63 Read more »

Stock Market Today: Wall Street Rises after Corporate Profits Top Forecasts and Oil Prices Sink MoreStock Market Today: Wall Street Rises after Corporate Profits Top Forecasts and Oil Prices Sink More
Source: NEWSMAX - 🏆 16. / 71 Read more »

Stock Market Today: Dow, S&P 500 Open Lower; Alphabet Stock Price FallsLive updates on what's moving markets, including stocks the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite
Source: WSJ - 🏆 98. / 63 Read more »