BANGKOK (AP) — Shares skidded Thursday in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold. Germany's DAX fell 1.1% to...
BANGKOK — Shares skidded Thursday in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold.
The yield on the 10-year Treasury has nudged back up toward 5%. It was at 4.95% early Thursday after dipping to 4.82% late Tuesday. High yields whittle away at prices for stocks and other investments while slowing the overall economy and adding pressure to the financial system. They tend to take the biggest toll on stocks seen as pricey or those requiring their investors to wait the longest for big growth. That puts the spotlight on internet-related, technology and other high-growth stocks. Sharp drops of 5.6% for Amazon, 4.3% for Nvidia and 1.3% for Apple were the heaviest weights on the S&P 500 on Wednesday.
The gap between the minus 0.1% Japanese benchmark rate and much higher rates in the U.S. and elsewhere has driven the dollar's value sharply higher against the yen. To a certain extent, that's a boon for export manufacturers who register much higher profits in yen back home, but it undercuts the currency's purchasing power for imports.
The founder of Chinese property developer Evergrande — who was once Asia's second-richest person — is no longer a billionaire
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
Stock market today: Wall Street opens higher as pace picks up for corporate profitsNEW YORK (AP) — Stocks are opening higher on Wall Street after Coca Cola, General Electric and other big companies reported fatter profits for the summer than expected. The S&P 500 was 0.
Lire la suite »
Stock market today: Wall Street rises after corporate profits top forecasts and oil prices sink moreNEW YORK (AP) — Wall Street closed higher after Verizon and other big companies reported fatter profits for the summer than expected. The S&P 500 rose 0.7% Tuesday. The Dow added 204 points, and the Nasdaq composite climbed 0.9%.
Lire la suite »
Stock market today: Wall Street tumbles back to where it was in MayNEW YORK (AP) — Wall Street sank back to where it was in May, pulled down by steep drops in several Big Tech companies. The S&P 500 fell 1.
Lire la suite »
Stock market today: World shares mixed after China pledges more support for slowing economyBANGKOK (AP) — World shares were mixed Wednesday after China pledged more spending to energize its economy. Benchmarks fell in Paris, Frankfurt, Sydney and...
Lire la suite »
Kitchee vs Bangkok United LIVE Free Broadacst On AFC 25 October 2023Kitchee vs. Bangkok United live 25 October 2023 Kitchee vs Bangkok United as it happens with our Match Centre, giving updates for every goal, save and more! Match centre for the ...
Lire la suite »
US futures rise amid earnings deluge, with big techs to come: Stock market news todayEyes are on results from Microsoft and Alphabet, the highlights in an avalanche of earnings reports on Tuesday.
Lire la suite »