Wall Street: Dell exceeds expectations, interest rate concerns weigh on Wall Street
The yield on the 30-year US Treasury bond rises to its highest level since 2008. Dell significantly raises its revenue outlook after strong figures.
The Wall Street is recovering from its pre-market lows. The global bond market sell-off continues to dominate, with US 10-year and 30-year Treasury yields rising to 4.81% and over 5.28% respectively, their highest since 2008. Oil prices remain high at nearly $95 per barrel for Brent, amid escalating tensions between the US and Iran.
Tech stocks are under pressure, although Dell reported a strong quarter and raised its annual sales outlook, prompting analysts from JP Morgan, Bank of America, and Barclays to raise their price targets. The jobs report on Friday is the key upcoming macroeconomic event.
Written by urgent.news from Handelsblatt's report — not a translation of it. Machine-written — may contain errors; check the original before relying on it.
