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U.S. stocks experienced declines on Wednesday following mixed profit forecasts from major retailers amid uncertainty caused by President Donald Trump's trade war. Investor concerns over the U.S. fiscal outlook and the impact of tariffs on consumer spending contributed to the market slump. The U.S. dollar also weakened, and Treasury yields climbed, with 20-year bond sales poorly received. On Thursday, 30-year Treasury yields reached their highest level in 19 months before easing slightly, as worries about the fiscal outlook and government debt demand persisted. Despite these concerns, Wall Street stocks edged higher on Thursday, supported by gains in technology-related shares.
Thirty-year U.S. bond yields reached their highest level in 19 months before easing on Thursday, with worries lingering over the U.S. fiscal outlook and demand for government debt, while stocks on Wall Street ended flat to slightly higher. https://t.co/HktkpjDzoP
Thirty-year U.S. yields reached their highest level in 19 months before easing on Thursday, with worries lingering over the U.S. fiscal outlook and demand for government debt, while Wall Street stocks edged higher with gains in tech-related shares. https://t.co/YHOOz70cjU
Stocks tumbled Wednesday amid signs that tariffs are weighing on consumer spending and investor concerns about the U.S. fiscal outlook. https://t.co/Urg9KuCpqu