Stock Market Indexes Drop, But One Megacap Gained 6.3%
The Treasury tripled its bond buyback to calm yields. Yields went up anyway. Here's what that tells investors.
Overview
Stocks fell for a second straight session on Wednesday as Treasury yields and crude oil prices climbed together. That's an uncomfortable pairing for anyone hoping that the Federal Reserve will leave rates alone next week.
The indexes trended down this morning. The Dow Jones Industrial Average (DJINDICES: ^DJI) was down 0.8% as of 11:33 a.m. ET, with the Nasdaq Composite (NASDAQINDEX: ^IXIC) off 0.7% and the S&P 500 (SNPINDEX: ^GSPC) down 0.5%. Only five of the Dow's 30 stocks were higher, and not by much.
Details
Source
Originally published at www.fool.com.
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Disclaimer: This article is for informational purposes only and does not constitute investment advice. Data may be delayed up to 15 minutes. Past performance is not indicative of future results. Consult a licensed financial advisor before making investment decisions.