U.S. stocks opened lower on Friday, with the S&P 500 index on track for a fourth straight daily loss, as a rise in Treasury yields and oil prices this week due to concerns about Middle East geopolitics reverberates across global markets.
Treasury yields backed off a bit on Friday, but the impact of their rise from earlier in the week was still being felt, sources said. Cleveland Fed President Loretta Mester will speak at 12:15 p.m. Eastern Time. She is set to be the last Fed official to deliver public remarks ahead of the central bank’s upcoming policy meeting.
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Potential benefit of owning stocks over bonds has shrunk to its lowest level in 21 yearsJoseph Adinolfi is a markets reporter at MarketWatch.
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U.S. stocks climb, Treasury yields rise as investors await PowellJoseph Adinolfi is a markets reporter at MarketWatch.
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