Dow Jones, S&P 500, Nasdaq: US stock markets close weaker - 10-year US bonds above 5.1 percent
Rising oil prices are once again weighing on sentiment on the US stock exchanges. New interest rate concerns are driving the yield on the ten-year US government bond to its highest level since 2007.
US stock indexes fell on Wednesday, giving back some of their gains from the previous two days. The Dow Jones dropped 0.7% to 51,511 points, while the S&P 500 and Nasdaq declined by 0.8% and 1.1% respectively. The yield on 10-year US benchmark bonds rose to its highest level since 2007 amid concerns about interest rates. Fed Director Michael Barr said further rate hikes are likely needed to bring inflation back on target.
The S&P Global purchasing managers' index showed the economy grew at its fastest pace in over five years in September, but with significant supply chain disruptions.
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.
