Wall St Opens Lower as Bond Yields and Oil Rebound; Fed Minutes in Focus
18 Articles
18 Articles
The slight rise in the price of oil and the recovery of U.S. Treasury securities revenues are weighing on investors.
Le Journal de Montreal
Le Journal de QuebecThe New York Stock Exchange opened in decline on Wednesday, undermined by rising bond yields and oil prices.
The New York stock market, which had hit a new all-time high, turned downward just one day later. This was due to investors engaging in profit-taking as international oil prices rose and long-term U.S. Treasury yields surged. The market is also closely watching the minutes of the Federal Reserve's Federal Open Market Committee (FOMC) meeting, which are set to be released today. As of 9:48 a.m. on the 7th (local time), the Dow Jones 30 Industrial…
In the first trades, and after a double record at the close, the Nasdaq index (-0.59%) and the expanded S&P 500 index (-0.39%) both moved in the red. Dow Jones was down 0.66%.
US stocks: US market opens lower as bond yields and oil rebound; Fed minutes in focus
On Wednesday, Wall Street opened to a downturn, with the Dow Jones Industrial Average declining by 325.06 points, highlighting a sense of caution among investors. The S&P 500 and Nasdaq Composite mirrored this negativity, influenced by the spike in Treasury yields. With the release of the Federal Reserve's meeting minutes looming, investor sentiment remained cautious amid climbing Treasury yields and oil prices.
(Seoul = Yonhap News) Reporter Yoon Jung-won of Yonhap Infomax = The three major stock indices of the New York stock market opened lower due to the impact of rising oil prices and government bond yields.
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