Traders work on the floor of the New York Stock Exchange on March 17, 2020. Lucas Jackson/Reuters US stocks fluctuated after disappointing labor-market data drove up Treasury yields and sparked valuation concerns.The US added 117,000 private payrolls in February, ADP said, well below the 200,000 expected.The report and the jump in yields offset optimism about COVID-19 vaccine availability in the US.Sign up here for our daily newsletter, 10 Things Before the Opening Bell.US equities traded mixed on Wednesday as rising Treasury yields offset stimulus optimism.Early strength across stock sectors faded after ADP's monthly employment report showed February job growth missing expectations.
Similar Stories to Us Stocks Dip As Rising Treasury Yields Take Steam Out Of Market Rally on Bing News
bwinck@businessinsider.com (Ben Winck), Business Insider
Wed, 03/03/2021 - 8:06am
Topics: new york stock exchange march lucas jackson/reuters things before opening bell s&p jones nasdaq president joe biden house senate majority leader chuck schumer uber west texas intermediate business insider february adp treasury bloomberg senate stocks market report tuesday composite data bill concerns higher crude million floor valuation indexes barrel added private payrolls doses week average growth availability unemployment vaccine optimism package offset stimulus intraday aims sank
BING NEWS:
- Soaring Treasury Yields Challenge Stock-Market Gains
This month’s rise in long-term interest rates is raising investors’ anxiety about what is next for the stock market.Treasury yields touched new 2024 highs this past week after fresh data showed ...
04/28/2024 - 12:00 am | View Link - Treasury Yields, Dollar Lose Steam as U.S. Prices Remain Hot
Treasury yields and the dollar wobble as U.S. inflation remains above target but not too far from expected. The March 12-month core PCE gauge, which is closely watched by policy makers, kept ...
04/26/2024 - 9:35 am | View Link - Market Dynamics: Treasury Yields Surge, Tesla’s Pledge Boosts Shares, Yen Hits 34-Year Low
The current market dynamics are marked by a sense of caution among investors, driven primarily by the notable increase in Treasury yields despite positive developments in the ongoing earnings season.
04/24/2024 - 6:37 pm | View Link - Stocks Fluctuate on Rising Bond Yields
Bond yields are rising and an increase in geopolitical risks ... In addition, supply pressures are negative for T-note prices as the Treasury will auction a record $70 billion of 5-year T-notes ...
04/24/2024 - 7:21 am | View Link - Stocks Lower on Rising Bond Yields
Stock indexes fell back from their best levels on rising bond yields. Also ... supply pressures are negative for T-note prices as the Treasury will auction a record $70 billion of 5-year ...
04/24/2024 - 5:51 am | View Link - More
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