US Treasury yields dipped after hitting three-year highs on Wednesday as buyers emerged. Benchmark 10-year yields were last at 2.8455%, after reaching 2.981% overnight, the highest since Dec. 2018
The Dow Jones Industrial Average ended higher for the second straight day, the S&P 500 was flat, and the Nasdaq Composite fell sharply after Netflix reported it had lost subscribers for the first time
A significant cut to global growth expectations from the World Bank, paired with March weakness in China's latest economic numbers injected some pessimism into US markets
Stocks were up in early trading, with the Dow Jones Industrial Average rising 0.22%, the S&P 500 climbing 0.25% and the Nasdaq Composite up 0.23%
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The Labor Department's report showed consumer prices shot up to 8.5% in 12 months through March, slightly higher than estimated 8.4%, although the so-called core CPI fell short of estimates at 6.5%
Stocks fell in afternoon trading on Wall Street Monday as the market extends a losing streak from last week. The S&P 500 fell 1.2 per cent as of 12:01 pm Eastern. The Dow Jones Industrial Average fell 189 points, or 0.6 per cent, to 34,530 and the Nasdaq fell 1.8 per cent. Both the benchmark S&P 500 and the Nasdaq are coming off their first weekly loss in four weeks. Technology stocks fell broadly and were the biggest weights on the market. Microsoft fell 3.7 per cent and Apple shed 2 per cent. Energy stocks were among some of the biggest losers as they followed oil prices lower. US crude oil prices fell 3.7 per cent and Exxon Mobil slumped 3.1 per cent. Oil prices remain volatile amid Russia's invasion of Ukraine, which has put more pressure on global energy supplies. Global oil prices are up just over 25 per cent for the year, though they have been easing somewhat throughout April. Industrial companies and banks held up better than the rest of the market. Boeing rose 1.1 per
Hip stocks have been among the worst casualties of the tech sell-off, down 22% so far this year compared to the 13.5% decline in Nasdaq
The Dow Jones Industrial Average was up 11.89 points, or 0.03%, at 34,595.46, the S&P 500 was down 17.23 points, or 0.38%, at 4,482.98
Bond yields slipped from multi-year highs on Thursday, offering some respite to equities after US Fed minutes released previous day reinforced the rate-hike momentum already priced into markets
Gold prices steadied on Wednesday with concerns over high inflation offsetting expectations of an aggressive interest rate hike by the US Federal Reserve
High-growth stocks, whose valuations stand to be pressured by higher bond yields, bore the brunt as the benchmark 10-year yield hit a three-year high
The materials index, which includes miners and chemical companies, dipped 0.4%; the spread between US 2-year and 10-year Treasury yields moved another step closer to inversion
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Asian stocks surged Thursday while European markets opened lower after the Federal Reserve announced its first interest rate hike since 2008 and China promised support for its real estate and internet industries. Oil prices rose more than USD4 per barrel. London and Frankfurt and Wall Street futures sank. Hong Kong's market benchmark jumped more than 7per cent and Tokyo gained 3.5per cent. Shanghai, Seoul and Sydney advanced. Wall Street's benchmark S&P 500 index rose 2.2per cent after the Fed raised its short-term lending rate by 0.25 percentage points on Wednesday. The widely anticipated change was less than the 0.5 percentage point hike advocated by some officials. "Far from choking off growth, the start of the Fed tightening cycle seems to have been greeted warmly," Chris Turner and Francesco Pesole of ING said in a report. Investors are cheering measures to address high inflation. In early trading, the FTSE 100 in London lost 0.1per cent to 7,283.28 and the DAX in Frankfurt .
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Reflecting a defensive mood on Wall Street, the S&P 500 utilities index rallied 1.9% and real estate added 1.1%
The Nasdaq Composite dropped 1.65% to 13,525.13
The S&P 500 fell 44.39 points, or 1.01%, to 4,340.26, the Nasdaq Composite slipped 81.87 points, or 0.60%, to 13,612.75