Moving opposite to prices, bond yields ticked higher as stock indices remained flat

Published: August 06 2022, 20:00 GMT+0

Moving opposite to prices, bond yields ticked higher as stock indices remained flat

Yesterday's broader market activity meant that markets completed a mixed session yesterday, while after dropping 0.5%, Nasdaq closed at 12,658. Dow Jones closed the day at 32,800, having gained 0.23%. S&P 500 shed 0.16% and closed at 4,145.19. US trading will resume Monday. European markets closed lower yesterday; EuroSTOXX is down by 0.78%, reaching 3,725.39. US markets were mixed as rising bond yields sparked inflation fears. The iShares U.S. Treasury Bond ETF declined 1% to trade at $24. Many companies in the S&P 500 reporting Q2 results have beaten Wall Street estimates, with Eli Lilly and Company and Alibaba featured…

To continue you need a membership account.Login Subscribe
Back