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After Monday's drop, Wall Street extends losses as bond yields creep up

Investors are weighing whether the sharp swings in stocks this week are the start of a deeper correction or just a temporary bump in the nine-year bull market

Wall Street Slips


  US stocks markets took another beating in early Thursday trade as a rise in bond yields and higher inflation continued to unnerve investors following a historic drop on Monday. The 10-year US Treasury yield crept back to a high of 2.884 per cent, near Monday's four-year peak of 2.885 per cent. The market's main gauge of volatility, the CBOE Volatility Index, fell to 27.06 on Thursday, still more than twice the level it held over the past few months. The index hit its highest level since August 2015 on Tuesday. "Volatility has eased but by no means is ...

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First Published: Thu, February 08 2018. 21:47 IST