Stock market today: Dow stumbles as surging U.S. yields keep stocks in firing line By Investing.com

Treasury yields were in rally mode, with thethreatening to make a dash for 16-year highs as investors digest the prospect of the Fed lifting rates again later this year.

The minutes from the Fed’s July meeting, released Wednesday, showing members leaning hawkish continued to reverberate through markets, with some expecting Fed chair Jerome Powell to deliver similar remarks at the Jackson Hole symposium next week. “The backdrop for the speech will still be a Chair who may see glimmers of hope in the recent CPI data but remains concerned over restoring price stability,” UBS said.

“In other words, the FOMC is not out of the inflation woods yet, similar to the tone in the July FOMC meeting minutes,” it added.

United States United States Latest News, United States United States Headlines

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

Stock Market Today: Dow lower as Treasury yields rise after retail sales surprise By Investing.comStock Market Today: Dow lower as Treasury yields rise after retail sales surprise
Source: Investingcom - 🏆 450. / 53 Read more »

Stock market today: Dow closes lower as spike in Treasury yields rattles stocks By Investing.comStock market today: Dow closes lower as spike in Treasury yields rattles stocks
Source: Investingcom - 🏆 450. / 53 Read more »

Top 3 Tech Stocks Poised to Surge Amid Growing Likelihood of Soft Landing ScenarioStocks Analysis by Investing.com (Damian Nowiszewski) covering: STMicroelectronics NV ADR, Belden Inc, Vishay Intertechnology Inc. Read Investing.com (Damian Nowiszewski)'s latest article on Investing.com
Source: Investingcom - 🏆 450. / 53 Read more »