The 10-year Treasury yield, which is tied to mortgage rates, jumped to 5.11%, reaching its highest level since 2007.
The Dow Jones index dropped Thursday on rising Treasury yields. Nvidia extended its losses in premarket trading.
Stock futures pointed sharply lower Thursday, a day after a market selloff, as Treasury yields continued their ascent.
Inflation fears and rising bond yields outweighed hopes for Middle East diplomacy and for the artificial intelligence boom to continue its run.
Wall Street futures dropped on Thursday as the Middle East conflict remained far from a resolution while investors also exercised caution ahead of a keenly watched summit between Presidents Donald ...
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US stocks fell as the 10-year Treasury yield topped 5%, tech shares weakened and investors prepared for Thursday’s Trump-Xi ...
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As of 2:03 PM, a total of 3,533 stocks had been traded on the NSE, of which 2,601 were declining, compared with 830 advancing stocks and 102 stocks remaining unchanged.
Clocktower’s Eric Wallerstein believes stocks are headed for trouble next year, and safety-seeking investors could drive gold to $6,000 an ounce.