Wall Street declines to one-month low as US yields increase

Economies.com
2023-09-21 15:32PM UTC

US stock indices fell on Thursday to one-month lows as US treasury yields rose once more while investors continue to assess the Federal Reserve's policy statements.

 

US treasury yields spiked to 15-year highs after bullish signals by the Fed, pressuring stocks.

 

Yesterday, the Fed held interest rates unchanged at 5.5%, the highest in 22 years, but hinted strongly at a hike in November. 

 

As for data, unemployment claims fell 20 thousand to 201 thousand last week.

 

On trading, Dow Jones fell 0.5%, or 190 points to 34,250, while S&P 500 fell 1.1%, or 47 points to 4355, as NASDAQ declined 1.2%, or 166 points to 13,302. 

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