Wall Street subdued on lingering concerns over elevated rates

NEW YORK, Sept 25 — Major US stock indexes were lacklustre today as worries over prolonged higher interest rates kept the 10-year Treasury yield buoyant, while investors awaited...

NEW YORK, Sept 25 — Major US stock indexes were lacklustre today as worries over prolonged higher interest rates kept the 10-year Treasury yield buoyant, while investors awaited economic data and Federal Reserve policymakers’ remarks throughout the week.

Alphabet, Microsoft, Tesla and Meta Platforms remained under pressure on Monday, losing between 0.2 and 0.7 per cent. “Now we’re in a time where the lag is here and if so, its going to have its effect now, which is when you start to really watch those indicators,” said Thomas Martin, senior portfolio manager at GLOBALT Investments.

Meanwhile, Chicago Fed president Austan Goolsbee in an interview on CNBC stressed on the need to brining inflation back to the 2 per cent target, after some Fed policymakers last week warned of further hikes. Footwear maker Nike and sportswear retailer Foot Locker lost 0.4 per cent and 4.0 per cent, respectively, after Jefferies downgraded both the stocks to “hold” from “buy”.

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

malaymail /  🏆 1. in MY

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.

SEC collects Wall Street staff’s texts as WhatsApp probe escalatesCompanies were previously asked to internally review the messages in its investigation.
Read more »

Wall Street posts gains as investors eye rate outlookNEW YORK: Wall Street’s main indices posted gains on Monday (Sept 25), with increases in Amazon.com shares and the energy sector, as Treasury yields r...
Read more »

Wall Street posts gains as investors eye rate outlookNEW YORK, Sept 26 — Wall Street’s main indexes posted gains yesterday, with increases in Amazon.com shares and the energy sector, as Treasury yields rose further and investors...
Read more »

Global share index slips as investors absorb 'higher-for-longer' rate outlookNEW YORK, Sept 26 — A global index of stocks fell slightly while Wall Street eked out a gain in yesterday’s choppy market as bond yields rose and investors continued to digest...
Read more »

[Foto] Menteri Jalan Kaki Di New York, Netizen Beri Cadangan Untuk Buat Perkara Sama Di MalaysiaPerdana Menteri Datuk Seri Anwar Ibrahim bersama menteri-menteri lain dilihat berjalan kaki bagi menghadiri Perhimpunan Agung Pertubuhan Bangsa-Bangsa Bersatu (UNGA) ke-78 di New York, Amerika Syarikat.
Read more »

Thai PM expects Tesla, Google, Microsoft to invest US$5bilSrettha Thavisin held talks with company executives in New York this week.
Read more »