Tag: stocks
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Tech leads losses as Asian stocks track Wall Street selloff
HONG KONG: Technology stocks were back in the crosshairs of investors on Wednesday (Aug 19), taking another heavy blow from a spike in bond yields, rising oil prices, persistent inflation and dimming hopes for a deal to reo
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Stocks mostly drop as Mideast hopes dim, interest rates rise
NEW YORK: Stock markets mostly fell on Tuesday (Aug 18) after a US-Iran truce expired with no progress towards reopening the Strait of Hormuz, adding to fears that higher energy prices wi
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US stocks drop again as bond yields jump
NEW YORK: Wall Street stocks fell early Tuesday (Aug 18), extending the prior session’s retreat as surging bond yields and higher oil prices weighed on investor sentiment.The yield on the 30-year US Treasury bond has reached its highest level in nearly 20 years, with yields also increasing for bonds from Ger
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Stocks slide, yields elevated as Mideast conflict fears grow
Aug 18 : U.S. government bond yields eased slightly on Tuesday, though longer-dated yields remained near multi-year highs after the 30-year Treasury yield earlier touched a level not seen since 2007. The move came as fears of an escalating Middle East conflict stoked inflation worries and weighed on stocks.Oi
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US stocks fall on spiking bond yields, higher oil prices
NEW YORK: Wall Street stocks retreated Monday (Aug 17) as oil prices advanced on the lack of progress on opening the Strait of Hormuz and a jump in US Treasury yields discouraged equity purchases.Oil prices added to their recent gains as the United States and Iran showed no signs of reaching a deal to reopen
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Stocks, dollar fall after weak data; yields rise
NEW YORK, Aug 17 : U.S. stocks ended down on Monday and the dollar hit a two-month low against the euro as soft U.S. economic data, including an unexpected drop in retail sales, prompted markets to scale back bets on an imminent Federal Reserve interest rate move.Thirty-year Treasury yields, meanwhile, climbe
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Stocks slip in cautious trading after weak US retail sales data
NEW YORK: Stock markets retreated in sparse summer trading Friday (Aug 14), with the uncertain outlook for the Middle East war and the US economy prompting investor caution ahead of the weekend.Oil prices turned higher and investors braced for further volatility as US and Iranian officials
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US stocks gain after benign inflation data, oil prices retreat
NEW YORK: Wall Street stocks advanced Thursday (Aug 13) with the S&P 500 finishing at a fresh record as investors welcomed further signs of easing US inflation while oil prices pulled back.The Producer Price Index
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Stocks edge up with oil price below $90, dollar at 2-week high, Iran in focus
Aug 13 : Stocks edged higher on Thursday and oil stayed below $90 with investors turning their attention back to the conflict in Iran, after softer-than-expected U.S. data reinforced expectations that the Federal Reserve will keep rates unchanged next month.Traders scaled back their bets on a September rate h
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US stocks mostly up after data shows slightly lower inflation in July
Briefing.com analyst Patrick O’Hare said the market was “pretty disposed to upside action.”
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