Reported 4 months ago
On Wednesday, US stocks faced a decline as Treasury yields rose, with the S&P 500 falling over 0.7%, the Dow Jones dropping about 1%, and the Nasdaq declining around 0.6%. Concerns arose due to a jump in US bond yields after a poor government debt auction, leading to worries about prolonged high-interest rates. The 10-year Treasury yield hit 4.62%, its highest level since early May, overshadowing AI growth hopes that had boosted the Nasdaq. Nvidia's post-earnings rally lifted the stock, but overall market sentiment was dampened by rising yields and uncertainties about the Federal Reserve's monetary policy.
Source: YAHOO