Wall Street stocks experienced a significant decline from soaring yields and concerns about the global oil supply as investors grappled with persisten
MARKETS t geopolitical tensions. Most equities traded lower as yields on nearly all US debt increased, with 10-year US Treasury yields rising by 8 basis points to 4.91%. Higher rates negatively impact corporate earnings through higher borrowing costs and the impending drag on the economy as consumers eventually tighten their belts. Still, the two largest economies in the world are surpassing expectations, which, in theory, should be a favourable development for risk markets.
Hence, left to its own devices, the US bond market tends to be highly volatile when the bond-buying world remains in price discovery mode.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
U.S. allies in the Middle East try to stake out a middle groundThe Palestinian cause was fading in many Arab countries. The Israel-Hamas war has reignited it.
Read more »
SEAN HANNITY: If Iran gets directly involved ‘all bets are off’ in the Middle EastFOX News host Sean Hannity reacts to growing tensions in the Middle East amid the Israel-Hamas war in Tuesday's opening monologue.
Read more »
Prominent Chicago church leader, local rabbi unite for peace in the Middle EastIn a demonstration of unity and a call for peace in the Middle East, Pastor Ira Acree of the Greater Saint John Bible Church stood alongside Rabbi Max Weiss of Oak Park Temple during a prayer service held on Tuesday.
Read more »
Biden heads to Middle East inflamed by Gaza hospital blastU.S. President Joe Biden flies to Israel on Wednesday to signal support for its war against Hamas after a deadly blast at a Gaza City hospital inflamed tensions and led to the cancellation of his planned summit with Arab leaders.
Read more »
Gold Price Forecast: XAU/USD moves upward toward $1,950 on Middle-East conflictGold price continues to gain ground, trading higher around $1,940 per troy ounce during the Asian session on Wednesday. The rising geopolitical tensio
Read more »
Biden will be plunging into Middle East turmoil on his visit to IsraelPresident Joe Biden is arriving in Israel for a lightning round of diplomatic efforts
Read more »