Global Stocks Decline Amid Rising Yields

Global stocks declined on Tuesday, surrendering earlier gains and were on track for a fourth consecutive daily fall. Elevated U.S. Treasury yields contributed to a lackluster end to an otherwise strong year for equities. On Wall Street, modest initial gains evaporated as the tech sector dropped by about 1%.

Some of the top S&P 500 performers this year, including Palantir Technologies, Vistra Corp, and Nvidia, were lower as investors booked profits at the end of a strong year that saw the benchmark S&P 500 jump more than 23% and the Nasdaq by nearly 29%. The Dow Jones Industrial Average fell 96.67 points, or 0.23%, to 42,477.06, the S&P 500 lost 27.63 points, or 0.47%, to 5,879.31, and the Nasdaq Composite shed 153.60 points, or 0.79%, to 19,333.19. U.S. equities have surged this year, with the S&P 500 on track for its fifth annual gain in the past six years. The two-year jump of about 53% would mark the strongest back-to-back annual performance for the index since 1997-1998. The rally has been fueled by growth expectations surrounding artificial intelligence, expected rate cuts from the U.S. Federal Reserve, and the likelihood of deregulation policies from the incoming Trump administration. But the recent economic forecast from the Fed, along with worries that President-elect Donald Trump's policies such as tariffs may prove inflationary, have sent yields higher, with the benchmark 10-year U.S. Treasury note reaching its highest level since May 2 at 4.641% last week, helping to cool the rally. 'The market will experience greater volatility in 2025 as I believe the market is pricey. We could see additional profit taking in 2025,' said Sam Stovall, chief investment strategist with CFRA Research

Nigeria Nigeria Latest News, Nigeria Nigeria Headlines

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

European Stocks Decline as Investors Await Central Bank DecisionsEuropean stock markets dipped on Tuesday, while the U.S. dollar remained strong. Traders are gearing up for a series of central bank meetings this week, with expectations of a rate cut by the Federal Reserve and no changes from the Bank of Japan.
Source: globeandmail - 🏆 5. / 92 Read more »

US Stocks Stabilize After Sharp Decline Fueled by Fed Rate Hike ExpectationsAfter experiencing one of its worst days of the year, US stock market showed signs of stabilization on Thursday, with major indexes nearing flat. The previous day's decline was triggered by Federal Reserve's indication of potentially fewer interest rate cuts in 2025 than previously anticipated. Despite the volatility, indexes remain close to record highs, with the S&P 500 still on track for a strong year.
Source: SooToday - 🏆 8. / 85 Read more »

Stocks Close Lower as Tech Stocks Drag Down MarketWall Street ended a shortened holiday week on a down note, with stocks closing lower. The S&P 500 fell 1.1%, the Dow Jones Industrial Average lost 0.8%, and the Nasdaq composite dropped 1.5%. Technology stocks, led by declines in Nvidia, Tesla and Microsoft, weighed heavily on the market. Despite Friday's loss, the S&P 500 still managed a modest gain for the week and is on track for its second consecutive annual gain of over 20%.
Source: SooToday - 🏆 8. / 85 Read more »

Global shares, US stocks turn lower; oil prices gainThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Global, US stocks fall; oil, gold rise over 1% on geopolitical riskThe Kitco News Team brings you the latest news, videos, analysis and opinions regarding Precious Metals, Crypto, Mining, World Markets and Global Economy.
Source: KitcoNewsNOW - 🏆 13. / 78 Read more »

Premarket: Global stocks dip on concerns over Fed rate plans, disappointing China retail dataEuropean PMIs weak again
Source: globeandmail - 🏆 5. / 92 Read more »