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The Dow Jones and S&P 500 declined, pulling back from record highs and six weeks of gains, as rising Treasury yields spooked investors concerned about high valuations ahead of key earnings reports. More here: https://t.co/Jhd3B1izTk https://t.co/iSCog77Rlm
The Dow Jones Industrial Average and S&P 500 closed lower retreating from Friday's record high closes and six straight weekly gains as Treasury yields rose and investors wary of high valuations awaited earnings from major companies https://t.co/aNhLCc9scZ https://t.co/3sjb4Mt2EA
The Dow dropped 344 points (-0.8%) on Monday, snapping a three-day winning streak, while the S&P 500 slipped 0.18%. Rising Treasury yields (+12 bps to 4.19%) fueled concerns over "higher-for-longer" interest rates, hitting consumer and homebuilder stocks. Target fell 3.8%,โฆ
The Dow Jones Industrial Average dropped 344 points (-0.8%) on Monday, snapping a three-day winning streak, while the S&P 500 slipped 0.18%. Rising Treasury yields, which increased by 12 basis points to 4.19%, fueled concerns over 'higher-for-longer' interest rates, negatively impacting consumer and homebuilder stocks. The declines come as investors, wary of high valuations, await earnings reports from major companies. Target shares fell 3.8% amid the broader market retreat. This pullback follows Friday's record high closes and six straight weekly gains.
