Pressure from the U.S. bond market hit a new level on Wall Street Wednesday after a surprisingly strong report on the economy raised worries about inflation, while oil prices halted their slide. The squeeze caused U.S. stocks to sink. Stocks wilted after the yield on the 10-year Treasury jumped to 5.10% from 4.96% late Tuesday, which is a considerable move for the bond market.
Trending
- The Bardo of Sickness
- The Obtain: testing six tech guarantees and biotech’s blind spots
- Morning Minute: Finish Each Sentence With 'To not My Information'
- Israel orders closure of West Financial institution after troopers kill 2 males behind an alleged assault
- The American Jewish Expertise: A Testomony to the Founders’ Imaginative and prescient
- Teradata: AI Upside, However ARR Progress Nonetheless Lags
- Brazil’s Financial Deadlock
- MiCA at 100 days: Euro Stablecoins Rise as OTC Flows Diverge
Oldest New York Newspaper Brand Est. 1725