NEW YORK , U.S. stocks finished lower on Wednesday, losing ground late in the session as a jump in Treasury yields kept investor nervousness high.
Oil prices fell to a one-month low after U.S. data fueled fears of oversupply.Wednesday’s lower close in stocks followed another choppy trading session, suggesting that investors are still jittery after the recent steep selloff in equities.
On Tuesday, U.S. stocks roared back from Monday’s selloff, when the Dow Jones Industrial Average and benchmark S&P 500 index saw their biggest one-day declines in two years.A spike in bond yields last Friday sparked the Wall Street rout, forcing sales by a host of highly leveraged funds, which ramped up volatility and drove yet more selling.
Benchmark Treasury yields rose on Wednesday after the weak demand in the U.S. Treasury Department auction of new 10-year notes and the U.S. Senate reached a budget deal, possibly adding to pressure on stocks.“Obviously there’s a lot of concerned and nervous people. You might have had day traders trying to get out at the end of the day.
shanghai shares start week with losses 25 june 2018
Hong Kong, (UrduPoint / Pakistan Point News - 25th Jun, 2018 ) :Hong Kong and mainland Chinese stocks fell on...
