Stocks open lower, as Treasury yields keep up pressure and job data looms

U.S. stocks opened lower Tuesday morning, pulled down as the recent surge in bond yields continued to suppress investor sentiment.

“The hangover from strong economic data in the U.S. is still being felt, with the headache increasing about the likelihood of high interest rates setting in rattling nerves,” said Susannah Streeter, head of money and markets at Hargreaves Lansdown. Atlanta Fed President Raphael Bostic repeated the higher-for-longer theme Tuesday. “I am not in a hurry to raise, not in a hurry to reduce either,” Bostic said at a panel discussion, according to Reuters. “I am willing to be patient. I don’t think there is an urgency for us to do anything more.”

“The breadth of losses outside of tech was highlighted by the [S&P 500] equal weight index declining -1.11% with only 22% of the S&P 500 constituents up on the day despite its flat headline performance,” said Jim Reid, strategist at Deutsche Bank.

المملكة العربية السعودية أحدث الأخبار, المملكة العربية السعودية عناوين

Similar News:يمكنك أيضًا قراءة قصص إخبارية مشابهة لهذه التي قمنا بجمعها من مصادر إخبارية أخرى.

U.S. stocks open mostly lower as Treasury yields jump after Washington averts government shutdownU.S. stock indexes opened mostly lower to start the month as Treasury yields resumed their climbs after U.S. legislators were able to reach a temporary...
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Utilities stocks suffer worst day since 2020 as Treasury yields resume climbThe S&P 500 utilities sector falls to its lowest since June 2020 as Treasury yields resume their climb.
مصدر: MarketWatch - 🏆 3. / 97 اقرأ أكثر »

Falling Utilities, Rising Yields Weigh on StocksBenchmark 10-year Treasury yield tops 4.7% intraday.
مصدر: WSJ - 🏆 98. / 63 اقرأ أكثر »

Stock Market Today: Dow ends lower on rising Treasury yields as US averts shutdown By Investing.comStock Market Today: Dow ends lower on rising Treasury yields as US averts shutdown
مصدر: Investingcom - 🏆 450. / 53 اقرأ أكثر »