U.S. stocks finish lower as Treasury yields continue to climb

0
20

U.S. stocks finished lower on Thursday for the second day in a row as yields on the 10-year and 2-year Treasury notes advanced to their highest levels in more than 14 years, causing early earnings-inspired gains in equities to evaporate. The S&P 500 SPX, -0.80% finished off 29.38 points, or 0.8%, at 3,665.78. The Dow Jones Industrial Average DJIA, -0.30% dropped 90.22 points, or 0.3%, to close at 30,333.59. The Nasdaq Composite COMP, -0.61% shed 65.66 points, or 0.6%, to close at 10,614.84. The yield on the 2-year Treasury note rose to 4.608%, its highest level since Aug. 8, 2007, based on 3 p.m. figures from Dow Jones Market Data. The yield on the 10-year Treasury advanced 9.8 basis points to 4.225%, the highest since June 17, 2008.

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

Previous article: U.S. stocks finish lower as Treasury yields climb to highest level in more than 14 years.
Next article: U.S. mulls national-security reviews for some of Elon Musk’s ventures, including Twitter deal: report

LEAVE A REPLY

Please enter your comment!
Please enter your name here