Stock market today: World markets mixed as bond selling pressures Wall Street

  • 📰 AP
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 51%

Philippines News News

Philippines Philippines Latest News,Philippines Philippines Headlines

World shares are mixed after Wall Street simmered under pressure from rising bond yields. U.S. futures and oil prices edged higher.

The Associated Press is an independent global news organization dedicated to factual reporting. Founded in 1846, AP today remains the most trusted source of fast, accurate, unbiased news in all formats and the essential provider of the technology and services vital to the news business. More than half the world’s population sees AP journalism every day.FILE - A pedestrian passes by the Hong Kong Stock Exchange electronic screen in Hong Kong on July 21, 2023.

Brent crude, the international standard, added 4 cents to $90.75 per barrel. On Monday, Brent lost $1.49 to settle at $90.71 a barrel. Stocks that pay high dividends with relatively steady businesses are squeezed because investors are more likely to switch between stocks and bonds. That puts a harsh spotlight on utility companies. PG&E dropped 5.6%, and Dominion Energy sank 5.3% for some of the sharpest losses in the S&P 500.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 728. in PH

Philippines Philippines Latest News, Philippines Philippines Headlines