-- Just when it looked like stocks were making a bullish turn, a troubling Treasury auction slammed the brakes on the market’s momentum.The $20 billion 30-year Treasury auction went off at the highest rate since 2007 at 1 p.m. in New York Thursday. Within minutes the S&P 500 Index tumbled, falling as much as 1.2% before regaining its footing. The Cboe Volatility Index, also known as the VIX or Wall Street’s fear index, spiked above 17.
But sentiment reversed after the 30-year Treasury auction, which drew weak demand and weighed heavily on the broader market sentiment. Swap contracts linked to future interest-rate decisions pushed the odds of another quarter-point hike back to about 50%, up from about 30% as recently as Wednesday. Before sentiment turned, equity investors had already shrugged off a consumer price index report that topped expectations. Traders instead focused on the core annual inflation rate, which rose 4.1% in September, the slowest pace in two years.
The yield on 10-year Treasuries rose above 4.7% on Thursday, reversing a two-day decline. The tech-heavy Nasdaq 100 Index had the least bad session, falling 0.4%. Futures on the gauge as well as those on the S&P 500 were up 0.1% in early Asia trading on Friday.
Portugal Últimas Notícias, Portugal Manchetes
Similar News:Você também pode ler notícias semelhantes a esta que coletamos de outras fontes de notícias.
US Stocks’ Peak-Rate Party Gets Spoiled by a Lousy Treasury SaleJust when it looked like stocks were making a bullish turn, a troubling Treasury auction slammed the brakes on the market’s momentum.
Consulte Mais informação »
Asia Stocks Face Headwinds From Soaring US Yields: Markets WrapAsian stocks are poised to follow the US lower as Treasury yields soared after the latest inflation data bolstered bets on Federal Reserve rate hikes.
Consulte Mais informação »
Stocks waver after wholesale inflation data surprises: Stock market news todayAfter the PPI update suggests inflationary pressures persist, the focus is on Federal Reserve minutes for insight into whether the era of hikes is over.
Consulte Mais informação »
Stocks waver after inflation data surprise, Fed minutes: Stock market news todayWall Street is looking ahead to consumer inflation data on Thursday for more insight into the Fed's next move.
Consulte Mais informação »
Stocks mixed as CPI inflation holds steady: Stock market news todayStocks were mixed on Thursday as investors digested a September inflation report that some economists believe will keep the Fed on hold in November but could...
Consulte Mais informação »
Stocks drop, bond yields rise as CPI inflation holds steady: Stock market news todayStocks were lower on Thursday as investors digested a September inflation report that some economists believe will keep the Fed on hold in November but could...
Consulte Mais informação »