Breaking News
0

Stocks- Wall Street Falls as Bond Yields Weigh on Investor Sentiment

Stock MarketsOct 08, 2018 09:40AM ET
Saved. See Saved Items.
This article has already been saved in your Saved Items
 
© Reuters. Wall Street was lower on Monday.

Investing.com – Wall Street fell on Monday, as a spike in Treasury yields last week continued to spook investors.

The S&P 500 fell 5 points or 0.21% to 2,879.61 as of 9:38 AM ET (13:38 GMT), while the Dow decreased 107 points, or 0.41%, to 26,339.69 and the tech-heavy Nasdaq Composite was down 42 points, or 0.55% to 7,745.45.

U.S. bond markets are closed for Columbus Day but stock markets are open. Still, trading volumes were expected to be thin, with most banks and federal agencies closed for the holiday.

A rise in bond yields and upbeat data on Friday still weighed on investors. The United States 10-Year note reached its highest level seen since 2011 on Friday after an upbeat jobs report increased expectations of a Federal Reserve rate increase in December.

General Electric (NYSE:GE) was among the top gainers after the morning bell, rising 2.88% while medical marijuana company Canopy Growth Corp (NYSE:CGC) increased 1.43% and Ford Motor Company (NYSE:F) inched up 0.11%.

Elsewhere Amazon.com (NASDAQ:AMZN) dipped 1.37% while Apple (NASDAQ:AAPL) was down 0.95% and Facebook (NASDAQ:FB) slumped 1.31%. Boeing (NYSE:BA) decreased 0.89% and Advanced Micro Devices Inc (NASDAQ:AMD) slumped 1.44%.

In Europe stocks were down. Germany’s DAX slumped 121 points, or 1.00%,while in France the CAC 40 decreased 64 points, or 1.20%, and in London the FTSE 100 was down 63 points, or 0.87%. Meanwhile the pan-European Euro Stoxx 50 lost 29 points, or 0.89%, while Spain’s IBEX 35 fell 59 points, or 0.64%.

In commodities, gold futures slumped 1.34% to $1,189.50 a troy ounce while crude oil futures dipped 0.86% to $73.70 a barrel. The U.S. dollar index, which measures the greenback against a basket of six major currencies, rallied 0.30% to 95.60.

Stocks- Wall Street Falls as Bond Yields Weigh on Investor Sentiment
 

Add a Comment

Comment Guidelines

We encourage you to use comments to engage with users, share your perspective and ask questions of authors and each other. However, in order to maintain the high level of discourse we’ve all come to value and expect, please keep the following criteria in mind: 

  • Enrich the conversation
  • Stay focused and on track. Only post material that’s relevant to the topic being discussed.
  • Be respectful. Even negative opinions can be framed positively and diplomatically.
  •  Use standard writing style. Include punctuation and upper and lower cases.
  • NOTE: Spam and/or promotional messages and links within a comment will be removed
  • Avoid profanity, slander or personal attacks directed at an author or another user.
  • Don’t Monopolize the Conversation. We appreciate passion and conviction, but we also believe strongly in giving everyone a chance to air their thoughts. Therefore, in addition to civil interaction, we expect commenters to offer their opinions succinctly and thoughtfully, but not so repeatedly that others are annoyed or offended. If we receive complaints about individuals who take over a thread or forum, we reserve the right to ban them from the site, without recourse.
  • Only English comments will be allowed.

Perpetrators of spam or abuse will be deleted from the site and prohibited from future registration at Investing.com’s discretion.

Write your thoughts here
 
Are you sure you want to delete this chart?
 
Post
Post also to:
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Thanks for your comment. Please note that all comments are pending until approved by our moderators. It may therefore take some time before it appears on our website.
 
Are you sure you want to delete this chart?
 
Post
 
Replace the attached chart with a new chart ?
1000
Your ability to comment is currently suspended due to negative user reports. Your status will be reviewed by our moderators.
Please wait a minute before you try to comment again.
Add Chart to Comment
Confirm Block

Are you sure you want to block %USER_NAME%?

By doing so, you and %USER_NAME% will not be able to see any of each other's Investing.com's posts.

%USER_NAME% was successfully added to your Block List

Since you’ve just unblocked this person, you must wait 48 hours before renewing the block.

Report this comment

I feel that this comment is:

Comment flagged

Thank You!

Your report has been sent to our moderators for review
Disclaimer: Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. All CFDs (stocks, indexes, futures) and Forex prices are not provided by exchanges but rather by market makers, and so prices may not be accurate and may differ from the actual market price, meaning prices are indicative and not appropriate for trading purposes. Therefore Fusion Media doesn`t bear any responsibility for any trading losses you might incur as a result of using this data.

Fusion Media or anyone involved with Fusion Media will not accept any liability for loss or damage as a result of reliance on the information including data, quotes, charts and buy/sell signals contained within this website. Please be fully informed regarding the risks and costs associated with trading the financial markets, it is one of the riskiest investment forms possible.
Continue with Google
or
Sign up with Email