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Wall St Futures Slip As Treasury Yields Hit Nine-Month High

Wall St futures fell on Thursday as a jump in U.S. bonds yields, spurred partly by Fitch’s downgrade of U.S. long-term credit rating, pressured rate-sensitive shares and set Wall Street up for another round of selloff. Fitch’s action hit the appetite for risky assets on Wednesday, dragging Wall Street sharply lower as investors took the opportunity to book profits on five months of gains. Megacap growth and technology stocks including Apple (AAPL.O), Alphabet (GOOGL.O) and Microsoft (MSFT.O) sli... Read More

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Wall

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Slip

Treasury

Yields

Nine

Month

High

Nine month

Forex

Posted: Aug 3 2023, 12:51

Author Name: vladimirribakov

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