NEW YORK: Wall Street stocks rose on Thursday following a recovery in 10-year US Treasury yields, after weakness in bond rates in recent sessions raised worries about slowing economic growth.Advertisement
The broad-based S&P 500 advanced 10.07 points to end at 2,815.44, while the tech-rich Nasdaq Composite Index won 25.79 points to 7,669.16."The market was fearful that the Treasury yields were falling because of recession fears," said Karl Haeling of LBBW.Earlier, the Commerce Department sharply downgraded the growth estimate for the final quarter of 2018 to 2.2 per cent from the prior estimate of 2.6 per cent, amid lower consumer spending and business investment.
Trade talks between the US and China resumed in Beijing, although officials cautioned that there was still more work ahead before a deal is struck.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Finance Finance Latest News, Finance Finance Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
US: Wall St opens higher, US-China trade talks in focus[NEW YORK] US stocks opened higher on Thursday, helped by gains in technology and consumer discretionary companies, while investors awaited more details on the progress in US-China trade talks. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US: Wall St opens lower as global growth fears persist[NEW YORK] US stocks opened lower on Monday, weighed by technology shares, as investors worried about global growth fears. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
Australia, New Zealand: Shares follow Wall Street rally[BENGALURU] Australian shares rose on Friday, tracking gains on Wall Street after strong US economic data eased concerns about a cooling economy, with financials and healthcare stocks boosting the local benchmark. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US: Wall Street tumbles on global economic slowdown fears[NEW YORK] Wall Street stocks sold off sharply on Friday, with all three major US stock indexes posting their biggest one-day percentage declines since Jan 3, as weak factory data from the United States and Europe led to an inversion of US Treasury yields, fuelling fears of a global economic downturn. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »
US: Wall St opens flat as global growth worries persist[NEW YORK] US stocks opened flat on Wednesday as global growth fears and a prolonged inverted US yield curve prompted investors to stay on the sidelines. Read more at The Business Times.
Source: BusinessTimes - 🏆 15. / 51 Read more »