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US stocks halt their slide after the Treasury Department moves to ease pressure from the bond market
- U.S. stock futures were near the flatline on Tuesday night after major averages fell for a third straight session due to a global bond rout and higher oil prices affecting investor sentiment.
- The Dow fell 116 points , the S&P 500 slid 0.7%, and the Nasdaq Composite dropped 1.3%, making it the biggest laggard among the three major indices.
- Long-Term bond yields reached multi-decade highs, yet the stock market reaction was surprisingly mild, with the S&P 500 ending its three-day losing streak after an extraordinary Treasury action provided some rate relief.
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7 Articles
Coverage Details
Total News Sources7
Leaning Left3Leaning Right0Center4Last UpdatedBias Distribution57% Center
Bias Distribution
- 57% of the sources are Center
57% Center
L 43%
C 57%
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