Reported 3 days ago
U.S. stock indexes fell slightly as bond yields increased, with the Dow Jones hitting a one-week low. Concerns surrounding consumer spending, highlighted by Walmart's disappointing Q2 earnings, and rising bond yields—now at 4.32%—are pressuring the market. The recent jobless claims indicated a weakening labor market, contrary to manufacturing strength, which has made Fed rate cuts less certain. U.S. geopolitical developments regarding the Ukraine conflict and upcoming tariff adjustments are also on investors' minds as they await Fed Chair Powell's remarks on the economic outlook.
Source: YAHOO