Wall Street stocks recovered Wednesday from steep losses in the previous session as an accelerating bond rout took a breather and investors braced for the fallout from the historic ouster of the US House Speaker.The indexes suffered deeper losses earlier in the morning as US government bond yields climbed, with the 30-year Treasury yield .
And the speed of this move has appeared to change investor expectations around the role that fixed income plays in portfolios. Importantly wage data showed other signs of softening in the labor market as workers being rewarded less for job hopping.
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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: Wall Street steadies after selloff as a relaxing bond market offers some oxygenWall Street is holding steadier after the bond market relaxed its grip a bit on the stock market.
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Stock market today: Wall Street steadies after selloff as a relaxing bond market offers some oxygenBANGKOK — Wall Street is holding steadier after the bond market relaxed its vise a bit on the stock market. The S&P 500 was 0.3% higher early Wednesdady, coming off a 1.4% tumble that sent it to its lowest level in four months.
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Stock market today: Wall Street steadies after selloff as reports suggest U.S. economy may be coolingWall Street is holding steadier in mixed trading Wednesday after reports suggested the U.S. economy may be cooling.
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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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