U.S. stock indexes were set to open lower on Monday as most big technology stocks were pressured by an uptick in Treasury yields, while Tesla shares rose after reporting a record number of electric vehicle deliveries. U.S. Treasury yields have been supported by recent data showing increased consumer spending, accelerated factory activity, and elevated inflation…
Futures Pressured by Uptick in Yields; Tesla up on Record Deliveries
Wall Street Stumbles on Rising Treasury Yields, Inflation Worries
Wall Street stocks ended sharply lower on Tuesday (Sept. 28) in a broad sell-off driven by rising U.S. Treasury yields, deepening concerns over persistent inflation, and contentious debt ceiling negotiations in Washington. All three major U.S. stock indexes slid nearly 2 percent or more, with interest rate sensitive tech and tech-adjacent stocks weighing heaviest as…
Shares Drop for Third Day, Yields Soar as Markets Brace for Rate Hikes
LONDON—Global shares fell for a third successive day on Tuesday, while bond yields on both sides of the Atlantic soared on anxiety over when central banks might raise interest rates. MSCI’s All Country World Index, which tracks shares across 49 countries, was down 0.3 percent on the day after the start of trading in Europe….
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