Dow falls 100 points with Treasury yields near 16 year highs, oil jumping and tech earnings ahead

  • 📰 MarketWatch
  • ⏱ Reading Time:
  • 31 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 16%
  • Publisher: 97%

United States News News

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

Isabel Wang is a Markets Reporter for MarketWatch.

U.S. stock indexes opened modestly lower on Wednesday morning as Treasury bond yields remained near fresh 16-year highs and geopolitical angst hit global sentiment.

However, investor sentiment has been soured after reports saying hundreds had died following an explosion at a Gazan hospital raised fears that the Israel-Hamas war would draw in other forces in the region.Recent hopes that a trip by U.S. President Joe Biden to the Middle East might boost diplomacy have been damped after Jordan cancelled a summit at which Biden was to meet the Jordanian and Egyptian leaders, as well as Mahmoud Abbas, President of the Palestinian Authority.

See: Long-term U.S. Treasury yields may resume their march higher despite recent bond-market swings, BlackRock says

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 3. in US

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 ekes out gain, but rising Treasury yields stifle upsideStock Market Today: Dow ekes out gain, but rising Treasury yields stifle upside
Source: Investingcom - 🏆 450. / 53 Read more »