Wall Street drifts as pressure from the bond market eases

U.S. stocks are drifting Tuesday as some pressure releases on Wall Street from the bond market. The Standard & Poor's 500 was 0.2% higher in early trading. The Dow Jones industrial average was up 18 points, or 0.1%, as of 9:42 a.m. Eastern, and the Nasdaq composite was 0.2% higher. Some of the strongest action was in the bond market, where Treasury yields eased after trading resumed following a holiday on Monday.

The International Monetary Fund on Tuesday lowered its forecast for global economic growth next year, in part because of the effect of high rates around the world, though it upgraded its forecasts for U.S. economic growth specifically. Fighting in Gaza is the latest threat for the world’s economy, particularly after it pushed oil prices higher on Monday.

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.

Japan and South Korea defense stocks jump after Hamas attack, aviation stocks slideJapan and South Korea returned to trade today after a public holiday on Monday.
Source: CNBC - 🏆 12. / 72 Read more »

PepsiCo beats Wall Street estimates, raises earnings outlookPepsiCo raised its full-year earnings outlook after beating Wall Street’s estimates for third-quarter earnings and revenue.
Source: nbcchicago - 🏆 545. / 51 Read more »