U.S. stocks finish lower as investors weigh earnings, rising bond yields

0
18

U.S. stocks finished lower on Wednesday, with the major indexes logging their first loss in three days, as Treasury yields and the dollar continued to climb, outweighing more strong earnings reports from American firms. The S&P 500 SPX, -0.67% finished down 24.82 points, or 0.7%, at 3,695.16. The Dow Jones Industrial Average DJIA, -0.33% closed off 99.99 points, or 0.3%, at 30,423.81. The Nasdaq Composite COMP, -0.85% shed 91.89 points, or 0.9%, at 10,680.51. The ICE U.S. Dollar Index, a gauge of the dollar’s strength against a basket of rivals, was up 0.7% at 112.96. Treasury yields continued to advance past 4% across the curve.

This article was originally published by Marketwatch.com. Read the original article here.

Previous articleAT&T reportedly in talks to create JV focused on fiber optics
Next articleEarnings Results: Elon Musk teases massive Tesla stock buyback as CFO trims forecast for annual deliveries and stock falls

LEAVE A REPLY

Please enter your comment!
Please enter your name here