But as the wall of worry builds in markets amid the S&P 500's back pedal, market strategists tell Yahoo Finance the story of this choppy market all about the bond market as investors fear a
And the speed of this move has also appeared to change investor expectations around the role fixed income plays in portfolios. The quick pace of that "violent" move higher is what's shaken markets, according to Baird strategist Michael Antonelli. Bank of America's equity strategy team sees a case for the S&P 500 to still end the year at 4,600, about a 7% higher than current levels.stronger economic data could push the Fed towards another rate hike
'It's not taxed at all': Warren Buffett shares the 'best investment' you can make when battling against inflation — and it doesn't have to cost you a dimeYoung girl looks startled as Trump rants about murderers in ice cream shop
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Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall StreetBANGKOK (AP) — Asian markets were sharply lower on Wednesday after Wall Street tumbled as it focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high. U.S. futures and oil prices edged lower. Tokyo’s Nikkei 225 index sank 2.3% to 30,526.88 and the Kospi in South Korea dropped 2.4% to 2,405.69. Hong Kong's Hang Seng skidded 1.3% to 17,115.62. Troubled property developer China Evergrande was down 11% after plunging 28% on Tuesday. Australia's S
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Stock market today: Most of Wall Street slips as the bond market cranks up the pressureMost stocks are drifting lower Monday as the constrictor of higher interest rates tightens its coils around Wall Street.
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Stock market today: Unrelenting rise in Treasury yields drags Wall Street lowerWall Street is sinking again under the weight of higher yields in the bond market.
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Stock market today: Unrelenting rise in Treasury yields drags Wall Street lowerNEW YORK (AP) — Wall Street is sinking again under the weight of higher yields in the bond market. The S&P 500 fell 0.5% early Tuesday and is back to where it was in June. The Dow fell 157 and the Nasdaq composite was down 0.6%.
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Stock market today: Wall Street buckles under higher bond yields as Dow wipes out gain for the yearNEW YORK (AP) — Wall Street tumbled as it focused on the downside of a surprisingly strong job market. The S&P 500 lost 1.4% Tuesday. The Dow fell 430 points and wiped out the last of its gains for the year so far.
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