Wall Street drifts lower as pressure from the bond market stays high

Wall Street is drifting lower Thursday, as pressure from the bond market remains high due to worries about a too-hot U.S. job market. The Standard & Poor's 500 was 0.4% lower in morning trading, the latest stumble in what's been an ugly run since the start of August. The Dow Jones industrial average was down 31 points, or 0.1%, as of 10:30 a.m. Eastern time, and the Nasdaq composite was 0.6% lower.

The 10-year Treasury is the centerpiece of the bond market, and movements in its yield ripple across the entire economy. Where it's heading in the next three to six months has a wide range of potential outcomes, according to Bruno Braizinha, rates strategist at Bank of America. Braizinha said the yield could drop back to 4% to 4.25% if upcoming reports show the economy weakening enough to undercut inflation but not so much that it causes a sharp recession.

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall StreetAsian markets are trading sharply lower after Wall Street tumbled as it focused on the...
แหล่ง: SFGate - 🏆 534. / 51 อ่านเพิ่มเติม »

Stock market today: Asian shares are sharply lower, tracking a rates-driven tumble on Wall StreetAsian markets are trading sharply lower after Wall Street tumbled as it focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high.
แหล่ง: AP - 🏆 728. / 51 อ่านเพิ่มเติม »

Stock market today: World shares are mostly lower, tracking a rates-driven tumble on Wall StreetMarkets in Europe and Asia are mostly lower after Wall Street tumbled as investors focused on the downside of a surprisingly strong job market: the likelihood that interest rates will stay high.
แหล่ง: wjxt4 - 🏆 246. / 63 อ่านเพิ่มเติม »