NEW YORK, Sept 23 ― Wall Street see-sawed to a lower close yesterday, capping a tumultuous week during which benchmark Treasury yields hit 16-year highs and investors digested...
NEW YORK, Sept 23 ― Wall Street see-sawed to a lower close yesterday, capping a tumultuous week during which benchmark Treasury yields hit 16-year highs and investors digested the Federal Reserve's hawkish outlook revisions.All three posted weekly losses, with the S&P 500 and the Nasdaq registering their largest Friday-to-Friday percentage drops since March.
Hill added that investors have “wanted to trade peak interest rates for almost a year now.” But he said it was clear in remarks this week by Fed Chair Jerome Powell “and in the dot plot that the Fed doesn't think we’re there yet.”Benchmark US Treasury yields retreated from 16-year highs as investors turned their focus from hawkish Fed guidance to key economic data waiting in the wings.
“There are a lot of factors working against a soft landing and that’s something the Fed needs to be reminded of, because pushing rates higher could push us into recession,” said Robert Pavlik, senior portfolio manager at Dakota Wealth in Fairfield, Connecticut. Ford Motor Co gained 1.9 per cent after the striking United Auto Workers union reported progress in talks with the automaker.
Italia Ultime Notizie, Italia Notizie
Similar News:Puoi anche leggere notizie simili a questa che abbiamo raccolto da altre fonti di notizie.
Anwar meets with 15 US Fortune 500 companies in New YorkThe prime minister says Malaysia hopes to attract more new investments from the American corporate giants.
Leggi di più »
Anwar meets with 15 US Fortune 500 companies in New YorkKuala Lumpur: Prime Minister Datuk Seri Anwar Ibrahim has engaged with 15 US Fortune 500 companies, including Airbnb, Amazon, Amazon Web Services, Boeing, ConocoPhillips, and Kimberly-Clark, in his mission to attract foreign direct investments (FDI) to Malaysia.
Leggi di più »
Army man slapped with RM2,500 fine for assaulting wifeKOTA KINABALU: The Magistrate’s Court here on Friday (Sept 22) slapped a soldier with a RM2,500 fine in default of four months’ imprisonment for assaulting his wife.
Leggi di più »
Nasdaq slides over 1pc as growth stocks fall after hawkish Fed drives up yieldsNEW YORK, Sept 21 — Nasdaq led declines in key Wall Street indexes today as a jump in Treasury yields knocked down growth stocks after the Federal Reserve signaled that...
Leggi di più »
Xiaomi's new trademarks hint at new WearOS features for Watch 2 ProXiaomi's upcoming WearOS smartwatch could include new health and fitness features, according to recent trademarks filed by the company.
Leggi di più »
Akaun Najib terima £750,000 daripada 'shell company'Pada penghujung Jun 2014, akaun peribadi bekas Perdana Menteri, Datuk Seri Najib Razak menerima £750,000 bersamaan RM4,093,500 (mengikut
Leggi di più »