Wall Street: Interest rate concerns and rising oil prices slow down US stock markets
Inflation risks, uncertainties over oil prices and US government finances are affecting Wall Street. Investors are looking ahead to the meeting between Trump and Xi.
US stock indexes showed little movement on Thursday, with the Dow Jones down 0.4% at 51,290 points, while the S&P 500 remained unchanged at 7,699 points. The price of Brent oil rose 3.7% to $107 per barrel due to tensions in the Middle East, particularly the situation around the Strait of Hormuz. The US bond market saw rising yields, with 10-year Treasury yields reaching 5.13%, the highest in nearly 20 years, and 30-year yields hitting 5.4583%, the highest since 2004.
Chinese leader Xi Jinping met with US President Donald Trump, with trade and technology tensions high on the agenda.
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.
