U.S. government debt prices were higher Thursday morning as investors seemingly paused for breath after a rally on Wall Street ended a three-day sell-off led by the tech industry.
Equity markets bounced on Wednesday, halting consecutive days of losses driven by tech mega stocks Apple, Amazon, Microsoft, Alphabet, Facebook and Tesla. This sent yields higher as the day progressed, but investors have returned to a state of apparent caution ahead of Thursday's open, unsure as to whether theInvestor focus Thursday will be on key jobless claims data, expected at 8:30 a.m. ET. Initial jobless claims for the week ended Sept.
August's Producer Price Index inflation data is also due at 8:30 a.m., before July's wholesale inventories at 10 a.m. The Senate will vote Thursday on a slimmed-down Republican coronavirus relief package, with discussions between the White House and top Democrats over a broader bill having hit a stalemate. Congressional Democrats have also voiced opposition to the new scaled-back proposal, expected to be worth around $500 billion, which would need seven votes from Democratic senators to pass.
The U.S. Treasury will auction $23 billion of 30-year bonds on Thursday, along with $30 billion of 4-week bills and $35 billion of 8-week bills.
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.
Treasury yields fall as tech rout drives investors to safetyU.S. government debt prices were higher Wednesday morning as a sharp tech sell-off continues to roil equity markets and drive investors towards traditionally safe assets.
Read more »
U.S. Treasury yields move lower as investors monitor economic data, auctionsU.S. government debt prices were higher on Tuesday, as investors awaited a fresh batch of economic data after the long Labor Day weekend.
Read more »
Stock Market Rally: Dow Jumps Over 400 Points As Tech Shares ReboundThe Dow jumped over 400 points today as tech stocks rebounded by skleb1234
Read more »
Here's what happened to the stock market on WednesdayTech shares rebounded, helping the broader market recover from a tough three-day stretch.
Read more »
Dow soars 440 points as sharp tech turnaround leads market-wide rebound | Markets InsiderSpencer Platt/Getty Images US stocks climbed on Wednesday, ending a three-day sell-off that saw the Nasdaq composite decline more than 10%.Tec...
Read more »
Stock futures mostly flat following tech reboundU.S. stock futures were little changed after a market rebound on Wednesday.
Read more »