Stocks sink most in six months after recent runup in treasury yields

A bad week on Wall Street turned dismal Thursday after the relentless surge in Treasury yields sapped demand for risk assets. In the end, US stocks suffered the biggest drop in six months as investors recalibrate for a world where rates sit at levels not seen in a generation.

In what’s increasingly looking like bad timing, investors plowed $26.4 billion into US equities in the week ended Sept. 13, the most since March 2022, with about $1.3 billion funneling into the tech sector, according to EPFR Global data cited by Bank of America Corp. The Nasdaq 100 Index, which had its best first half on record, has slumped more than 5% this month.

Their argument is that prior runups in yields during the Fed’s tightening cycle have invariably been short-lived. Every time the 10-year yield has climbed above 4% in the past year, it’s retreated back below 3.5% in short order.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

EM-Stocks hit 3-month low; Turkey, SA central bank decisions eyedAs risk sentiment waned after the US Federal Reserve stiffened its hawkish monetary policy stance.
แหล่ง: Moneyweb - 🏆 5. / 77 อ่านเพิ่มเติม »

Asia stocks fall as Fed expected to stay hawkish: Markets wrapBitcoin fell 0.3% to $27 111.61.
แหล่ง: Moneyweb - 🏆 5. / 77 อ่านเพิ่มเติม »

Stocks, bonds decline as Fed knocks risk sentiment: Markets wrapSpot gold fell 0.1% to $1 928.35 an ounce.
แหล่ง: Moneyweb - 🏆 5. / 77 อ่านเพิ่มเติม »

Emerging-market stocks set to erase 2023 gainsThe year is proving to be a roller-coaster for emerging-market equity investors as post-Covid recovery expectations give way to slowing growth and stubborn inflation concerns.
แหล่ง: Moneyweb - 🏆 5. / 77 อ่านเพิ่มเติม »