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US stocks extend losses as bond yields fall

Economies.com
2019-08-12 21:30PM UTC

US stocks fell today on the continued trade war concerns, Hong Kong's political turmoil and the fall of US treasury bond yields.

 

Thousands of protesters gathered at Hong Kong's International Airport, which made authorities cancel more than 150.

 

The 10-year US treasuries yield fell to 1.64% and the 30-year fell to 2.130%.

 

Observers see that Hong Kong's protests has put pressure on Wall Street, as investors fear it could have an impact equivalent to the trade war.

 

In the oil market, WTI rose by 0.8% to close at $54.93 a barrel, with a high of $55.1 and a low of $53.5.

 

Brent rose by less than 0.1% to close at $58.57 a barrel, with a high of $58.8 and a low of $57.8.

 

While Dow Jones fell by 1.4% or 389 points to close at 25,897, with a high of 26,178 and a low of 25,824.

 

Nasdaq shed 1.2% or 95 points to 7,863, with a high of 7,924 and a low of 7,433 points.

 

S&P 500 fell by 1.2% or 35 points to 2,883, with a high of 2,907 and a low of 2,873.

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