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Global shares mixed, oil prices up, technology stocks fall

TOKYO (AP) รขย€ย” Asian shares were mixed Tuesday, cheered by the imminent passage of the U.S. stimulus package, although that optimism was tempered by worries about inflation and the coronavirus pandemic. Japans benchmark Nikkei 225 added 0.2% to 28,800.81 in morning trading. South Koreas Kospi slipped 1.2% to 2,960.17. Australias S&P/ASX 200 added 0.3% to 6,760.10. Hong Kongs Hang Seng gained 1.3% to 28,918.99, while the Shanghai Composite slipped 0.6% to 3,402.61. Jingyi Pan, senior market s...
United States United Kingdom South Korea Wu Qian Donald Trump Cathy Bussewitz

Stock market crash: CIO warns of 20% drop in S&P as 10-yr yields rise

10-year Treasury yields have risen to their highest levels since before the pandemic in recent days. James McDonald, CIO at Hercules Investments, told Insider he expects yields to continue rising.ย  He said they could rise to 2.5% by the end of March and trigger a 20% sell-off in the S&P 500. Yields on 10-year Treasury notes have spiked to a one-year high over the last month, rising above 1.5% as COVID-19 cases fall and vaccinations continue โ€” positive developments for the economic recovery a...
United States James Mcdonald Savita Subramanian Federal Reserve Hercules Investments There Is Now

How major US stock indexes fared Friday

ABC News Turn on desktop notifications for breaking stories about interest? OffOn Stocks ended a bumpy day mostly lower on Wall Street By The Associated Press โ€ข 2 min read Stocks ended a bumpy day mostly lower on Wall Street. Technology stocks recovered slightly following several days of heavy selling, but the Nasdaq still posted its biggest weekly loss since October. On Friday the S&P 500 gave back 0.5%, and the Dow Jones Industrial Average lost 1.5%. Treasury yields fell after shooting sha...
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Source: go.com

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