Stocks Trade Lower as Investors Dodge Higher US Yields

MARKETS In an unusual pushback, not only suggesting he means business but obviously not pleased with the recent easing in financial conditions, Federal Reserve Chair Jerome Powell is leaving the door open for additional interest rate hikes to combat inflation, as stated in prepared remarks on Thursday. Powell remarked, We know that ongoing progress toward our 2% goal is not assured: Inflation has given us a few head fakes.

This week's refunding supply is the only fundamental input for bonds after the best weekly rally since SVB. Sadly, it was an unfortunate result for bond and stock market investors. Recall that a poor 30-year sale on October 12 derailed the long-end’s last attempt to find its footing. Thursday felt like déjà vu all over again.

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.

Dow turns lower as stocks threaten to snap longest winning streak in 2 yearsWilliam Watts is MarketWatch markets editor. In addition to managing markets coverage, he writes about stocks, bonds, currencies and commodities, including oil. He also writes about global macro issues and trading strategies. During his time at MarketWatch, Watts has served in key roles in the Frankfurt, London, New York and Washington, D.C.
Source: MarketWatch - 🏆 3. / 97 Read more »

U.S. stocks edge higher, extending rally as investors await Powell speechU.S. stocks edge higher, extending rally as investors await Powell speech
Source: Investingcom - 🏆 450. / 53 Read more »

U.S. stocks turn lower as S&P 500 struggles to keep winning streak aliveIf the index closes higher, it would mark its longest streak of daily gains since 2004
Source: MarketWatch - 🏆 3. / 97 Read more »

European stock futures slip lower; Powell speech, earnings in focusEuropean stock futures slip lower; Powell speech, earnings in focus
Source: Investingcom - 🏆 450. / 53 Read more »