Dow sorts Treasury yield decline; Bitcoin Price Drop – Live Updates

The bonds are back somewhat.

Long-term Treasury yields fell on Friday, after holding at their highest levels in more than a decade the previous afternoon.

Rising borrowing costs have affected stocks and prompted many companies to cut their future earnings forecasts. US and global stock indices were mixed on Friday despite the bond reversal.

Government bonds rose. The 10-year US Treasury yield fell below 4.3%, after settling at its highest level since November 2007. Yields and prices are moving in opposite directions.

Stock indices were mostly lower in the afternoon. The Nasdaq lost about 0.2%. The S&P 500 was slightly lower while the Dow Jones Industrial Average was slightly higher. All three were on course to end the week with losses.

Ross tops the Standard & Poor’s 500. The discount retailer rose more than 5% after reporting better-than-expected earnings and boosting its financial outlook after Thursday’s closing bell.

Keysight Technologies And Deere & Co. They are the biggest losers for the S&P 500 after disappointing quarterly results.

Bitcoin rejected. The selling pressure has increased after a long period of quiet trading, as the digital currency recently traded around $26,000.

Agricultural commodities rose. Chicago wheat futures added more than 3%. Corn and soybean futures rose more than 1%.

Oil prices rose. US barrel prices rose again above $80.

Overseas stocks fell. Hong Kong’s Hang Seng lost more than 2%, plunging into a fresh bear market, while stocks in Germany, the UK and France also fell.

coming: Palo Alto Networks’ earnings are due after closing.

See also  Earnings after tax increased by more than 235% year-on-year

Leave a Reply

Your email address will not be published. Required fields are marked *