Oct 26 - Shares around the world fell and U.S. Treasury yields lingered near 5% on Thursday as investors digested mixed U.S. economic and corporate signals.
Quincy Krosby, chief global strategist at LPL Financial in Charlotte, said U.S. economic growth has prompted market concerns that the Fed may need to increase interest rates again before the end of the year to quell inflation. Meta Platforms fell 5% on a weaker outlook, while megacaps Tesla and Microsoft fell 3.5% and 3.7% respectively, dragged by high interest rates.
The euro was down 0.37% on the day, while Europe's broad STOXX index was down about 0.5%, near a seven-month low hit earlier in the week .
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: