3% in early trading Friday, coming off its ninth loss in 11 days and its lowest level in five months. The Dow slipped 44 points, and the Nasdaq composite was up 0.9%. Amazon was up more than 6% after reporting strong revenue and profits from the summer months, driven by growth in online sales and its advertising business.Premarket trading is mixed on Wall Street, but oil prices are moving higher after U.S.
In Europe at midday, Germany’s DAX inched ahead 0.1% while the CAC 40 in Paris lost 1%. Britain’s FTSE 100 retreated 0.2%. The yield on the 10-year Treasury rose to 4.89%, from 4.84% late Thursday, when reports showed the U.S. economy continues to storm ahead despite much higher interest rates that have already lashed the stock market.
Higher interest rates could mean eventual weakness for the economy and corporate profits. And high bond yields make investors less willing to pay high prices for stocks and other investments.
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