Wall Street ends down as oil prices, Treasury yields rise | Honolulu Star-Advertiser
Rising Treasury yields and higher oil prices added pressure as investors priced in more Federal Reserve tightening.
- Wall Street fell on Wednesday, pulled down by Alphabet and Amazon, as Treasury yields climbed amid Middle East tensions and geopolitical uncertainty.
- Iranian President Masoud Pezeshkian delivered remarks at an international forum, a day after President Donald Trump warned he could "annihilate" Iran, escalating tensions that rattled markets.
- Traders are now pricing in a 71 per cent chance that the Federal Reserve will raise interest rates at its policy meeting next month, according to the CME Group's FedWatch Tool.
- President Trump welcomed Chinese President Xi Jinping to Washington on Wednesday for a three-day visit focused on extending a trade truce and addressing AI-related concerns with the two superpowers.
- Meta Platforms rose 1 per cent, bringing its gain this week to 12 per cent following strong reception of its Muse AI assistant, while Paychex dropped 8.8 per cent after missing revenue estimates.
19 Articles
19 Articles
(New York = Yonhap News) Correspondent Lim Soo-jung = On the 23rd (local time), the three major U.S. stock indices in New York... as expectations of a further benchmark interest rate hike by the Federal Reserve (Fed) strengthened...
The triggering of the long Treasury interest and the strong advance in oil prices pushed the risk assets this Wednesday and led the American stock exchanges to close the session in firm fall. The trigger for recalcification in the fixed income market was the disclosure of activity data stronger than expected, which led to an increase in high interest bets by the Federal Reserve (Fed). The Dow Jones index closed down by 0.68%, at 51.512.42 points…
In vain, Wall Street hopes for an early end to the Iran war. Following the tough announcement by the Iranian President before the United Nations, US investors are now expecting a second Fed interest rate step in October.
The New York Stock Exchange closed lower on Wall Street today. Oil prices rose by almost 4% after the Iranian president's speech at the UN General Assembly. The Dow Jones Industrial Average closed down 352.10 points (-0.68%), at 51,511.59 points. The Nasdaq, dominated by technology stocks, closed down 308.24 points (-1.13%), at 26,936.03 points. The broader S&P 500 index, indicative of the general trend, closed down 58.61 points (-0.75%), at 7,…
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