Wall Street Ends Down as Oil Prices, Treasury Yields Rise | Honolulu Star-Advertiser
Alphabet and Amazon led declines as traders priced a 71% chance of a Federal Reserve rate hike next month.
- Wall Street closed lower on Wednesday, Sep 23, pulled down by Alphabet and Amazon as Treasury yields climbed amid geopolitical tensions and rising rate expectations.
- US business activity raced to a more than five-year high in September, pushing bond yields higher and prompting traders to price in a 71 per cent chance of a Federal Reserve rate hike next month.
- Meta Platforms gained 13% this week following strong reception of its Muse AI assistant, while Paychex dropped 8.8% after missing revenue estimates; declining stocks outnumbered rising ones within the S&P 500 by a 1.9-to-one ratio.
- Oil prices rose almost 4 per cent after Iranian President Masoud Pezeshkian stated Tehran would never surrender to US pressure, a day after President Donald Trump warned he could "annihilate" Iran.
- Today, Trump welcomes Chinese President Xi Jinping to Washington for a three-day visit with an agenda extending the trade truce reached last year, plus AI regulation and US arms sales to Taiwan.
26 Articles
26 Articles
New York Stock Market Closes Lower Due to Surging Treasury Yields and Instability in the Middle East
On the 23rd (local time), the three major US stock indices in New York closed lower due to a surge in US Treasury yields and instability in the Middle East. The Dow Jones 30 Industrial Average closed at 51,511.59, down 352.10 points (0.68%) from the previous close. The Standard & Poor's (S&P) 500 index fell 58.61 points (0.75%) to 7,706.03, while the technology-heavy Nasdaq Composite Index fell 30
(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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