S&P 500 ends down as Treasury yields rise
U.S. stocks ended down on Thursday. Producer price data for August and surging oil prices stoked worries the Federal Reserve will hike next week, while rising Treasury yields made stocks less attractive.
S. stocks finished lower on Thursday after August producer price data and surging oil prices revived concern that the Federal Reserve may raise interest rates next week. Rising Treasury yields also pressured equities by making stocks less attractive. Heavyweight chipmakers lost ground, with the broader market weaker as investors weighed the outlook for policy and yields.