Nasdaq Sinks to Two-Month Low as Bond Yields Jump: Markets Wrap
Bloomberg 3/3/2021 Rita Nazareth and Claire Ballentine
(Bloomberg) The renewed bout of Treasury volatility spurred a surge in bond yields on Wednesday, dragging down stocks as investors grappled with concern over stretched valuations.
Popular Searches
A selloff in high-flying giants such as Apple Inc. and Amazon.com Inc. outweighed gains in banks and energy producers. The Nasdaq 100 slumped to a two-month low, bringing its losses from a February peak to about 8%. The S&P 500 extended its slide into a second day, while the Dow Jones Industrial Average outperformed. Benchmark U.S. government yields approached 1.5%, with bonds pricing in the highest five-year inflation expectations since 2008. Traders also assessed data pointing to a slow and uneven economic recovery from the depths of the pandemic.
Technology stocks lead indexes lower as yields resume c accesswdun.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from accesswdun.com Daily Mail and Mail on Sunday newspapers.
Stocks were mostly lower in early trading as another tick up in bond yields gave investors pause. Wall Street continues to look to Washington, where economic data, comments out of the Federal Reserve
DAX Rises As Investors Watch Bond Yields finanznachrichten.de - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from finanznachrichten.de Daily Mail and Mail on Sunday newspapers.
Stocks mostly lower as bond yields resume climb berkshireeagle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berkshireeagle.com Daily Mail and Mail on Sunday newspapers.