Stock market today: World shares slide after Wall St rout driven by high yields, mixed earnings

BANGKOK — Shares skidded Thursday in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold.

The yield on the 10-year Treasury has nudged back up toward 5%. It was at 4.95% early Thursday after dipping to 4.82% late Tuesday. High yields whittle away at prices for stocks and other investments while slowing the overall economy and adding pressure to the financial system. They tend to take the biggest toll on stocks seen as pricey or those requiring their investors to wait the longest for big growth. That puts the spotlight on internet-related, technology and other high-growth stocks. Sharp drops of 5.6% for Amazon, 4.3% for Nvidia and 1.3% for Apple were the heaviest weights on the S&P 500 on Wednesday.

The gap between the minus 0.1% Japanese benchmark rate and much higher rates in the U.S. and elsewhere has driven the dollar's value sharply higher against the yen. To a certain extent, that's a boon for export manufacturers who register much higher profits in yen back home, but it undercuts the currency's purchasing power for imports.

The founder of Chinese property developer Evergrande — who was once Asia's second-richest person — is no longer a billionaire

ประเทศไทย ข่าวล่าสุด, ประเทศไทย หัวข้อข่าว

Similar News:คุณยังสามารถอ่านข่าวที่คล้ายกันนี้ซึ่งเรารวบรวมจากแหล่งข่าวอื่น ๆ ได้

Stock market today: Wall Street opens higher as pace picks up for corporate profitsNEW YORK (AP) — Stocks are opening higher on Wall Street after Coca Cola, General Electric and other big companies reported fatter profits for the summer than expected. The S&P 500 was 0.
แหล่ง: SooToday - 🏆 8. / 85 อ่านเพิ่มเติม »

Stock market today: Wall Street rises after corporate profits top forecasts and oil prices sink moreNEW YORK (AP) — Wall Street closed higher after Verizon and other big companies reported fatter profits for the summer than expected. The S&P 500 rose 0.7% Tuesday. The Dow added 204 points, and the Nasdaq composite climbed 0.9%.
แหล่ง: SooToday - 🏆 8. / 85 อ่านเพิ่มเติม »

Stock market today: Wall Street tumbles back to where it was in MayNEW YORK (AP) — Wall Street sank back to where it was in May, pulled down by steep drops in several Big Tech companies. The S&P 500 fell 1.
แหล่ง: SooToday - 🏆 8. / 85 อ่านเพิ่มเติม »

Stock market today: World shares mixed after China pledges more support for slowing economyBANGKOK (AP) — World shares were mixed Wednesday after China pledged more spending to energize its economy. Benchmarks fell in Paris, Frankfurt, Sydney and...
แหล่ง: YahooFinanceCA - 🏆 47. / 63 อ่านเพิ่มเติม »

US futures rise amid earnings deluge, with big techs to come: Stock market news todayEyes are on results from Microsoft and Alphabet, the highlights in an avalanche of earnings reports on Tuesday.
แหล่ง: YahooFinanceCA - 🏆 47. / 63 อ่านเพิ่มเติม »