Stock Market Today: Dow closes lower as 10-year Treasury yield flirts with 5%

Investing.com -- The Dow closed lower Thursday as investors weighed a surge in the 10-year Treasury yield, mixed quarterly results and remarks from Federal Reserve Chairman Jerome Powell.Powell said the Fed is"proceeding carefully" on future rate hikes following a spike in Treasury yields that have helped tighten financial conditions"significantly," but said continued economic growth could force the Fed to further tighten policy.

The company also announced price hikes in the US, UK, and France that will underpin its average revenue per user, or ARPU, lift going into year-end, Deutsche Bank said in a note.On the earnings call that proceeded the earnings, sentiment on the stock was further soured as a “much more cautious Musk which focused on a higher interest rates, FSD/AI investments, and highlighting the difficult path for Cybertruck production over the next 12 to 18 months,” Wedbush said.

“While customer inventories are expected to dip again in CQ4, TSMC management also suggested they are seeing signs that inventory levels are approaching a trough/healthier than previously thought with some customers placing urgent orders,” Wedbush said in a note.We encourage you to use comments to engage with other users, share your perspective and ask questions of authors and each other.

United Kingdom United Kingdom Latest News, United Kingdom United Kingdom Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Stock Market News Today: Dow, S&P 500 Close Lower; Nvidia, Netflix Stocks in FocusLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market News Today: Dow Opens Lower; Morgan Stanley, P&G Earnings in Spotlight -- Live UpdatesLive coverage of stocks and financial news, including the S&P 500, Dow and Nasdaq Composite.
Source: WSJ - 🏆 98. / 63 Read more »

Stock Market Today: Dow falls as Nvidia weakness, jump in Treasury yields biteStock Market Today: Dow falls as Nvidia weakness, jump in Treasury yields bite
Source: Investingcom - 🏆 450. / 53 Read more »

Stock Market Today: Tesla Stock Sinks, Netflix Surges and Earnings Deluge ContinuesGovernment bonds sell off again; Netflix stock surges premarket
Source: WSJ - 🏆 98. / 63 Read more »

Stock market today: World markets edge lower as China reports slower growth in the last quarterShares are mostly lower in Europe and Asia after China reported that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter. U.S. futures also fell, while oil prices jumped more than $1. On Tuesday, Wall Street drifted to a mixed finish after a report showed U.S.
Source: AP - 🏆 728. / 51 Read more »

Stock market today: World markets edge lower as China reports slower growth in the last quarterShares are mostly lower in Europe and Asia after China reported that its economy grew at a 4.9% annual pace in July-September, down from 6.3% in the previous quarter.
Source: wjxt4 - 🏆 246. / 63 Read more »