LIVE MARKETS — Rising consumer prices, oil and treasury yields send S&P 500, Nasdaq lower
S&P 500, Nasdaq lower; Dow gains Financials down most among S&P sectors; Healthcare leads gainers Euro STOXX 600 index up ~0.6% Dollar rallies; US crude up >1%; bitcoin dips; gold down >1% US 10-year Treasury yield jumps to ~5.30% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at Rising Consumer Prices, Oil And Treasury Yields Send S&p 500, Nasdaq Lower The S&P 500 and the Nasdaq began Wednesday's session in the red as hotter-than-expected inflation data prompted growing bets of Fed rate hikes and sent US Treasury yields higher. Rising WTI crude prices did not help matters either. All three major US stock indexes were lower straight from the gate, with the S&P 500 and the Nasdaq on track for their third consecutive daily losses. The blue-chip Dow broke ranks by turning green within the first few minutes of trading. Earnings are well underway, and the results are mixed. Bank of America missed profit estimates due to trading weakness, while Morgan Stanley and BlackRock both topped expectations. On the sector level, gold & silver miners, big banks, chips and homebuilders were the clear laggards in the open
S&P 500, Nasdaq lower; Dow gains Financials down most among S&P sectors; Healthcare leads gainers Euro STOXX 600 index up ~0.6% Dollar rallies; US crude up >1%; bitcoin dips; gold down >1% US 10-year Treasury yield jumps to ~5.30% Welcome to the home for real-time coverage of markets brought to you by Reuters reporters. You can share your thoughts with us at Rising Consumer Prices, Oil And Treasury Yields Send S&p 500, Nasdaq Lower The S&P 500 and the Nasdaq began Wednesday's session in the red as hotter-than-expected inflation data prompted growing bets of Fed rate hikes and sent US Treasury yields higher. Rising WTI crude prices did not help matters either.
All three major US stock indexes were lower straight from the gate, with the S&P 500 and the Nasdaq on track for their third consecutive daily losses. The blue-chip Dow broke ranks by turning green within the first few minutes of trading. Earnings are well underway, and the results are mixed. Bank of America missed profit estimates due to trading weakness, while Morgan Stanley and BlackRock both topped expectations.
On the sector level, gold & silver miners, big banks, chips and homebuilders were the clear laggards in the opening minutes, while healthcare and consumer staples were ahead of the pack. In geopolitical news, Iran-backed Houthis vowed more attacks on Saudi airports and oil facilities, a move that could threaten ongoing truce talks. Here's the lay of the land as of 9:45 a.m. ET: (Stephen Culp) *** Earlier On Live Markets: S&p 500 Futures Red After Hot Cpi Data Pushes Yields Higher Click Here Euro/yen Shorts On Japan Investor Oat Sales Overdone, Says Ubs Click Here What If Republicans Lose Both Chambers?
Click Here Rbc Rotates Into Healthcare, Trims Us Tech Exposure Click Here Who’s Betting On An Earnings Boost For Us Stocks? Click Here Stoxx Gains, Morgan Stanley Talks Up Earnings Click Here Before The Bell: Europe Eyes Firmer Start, Tech Looks Shaky Click Here Let The Doves Sing Click Here Opening snapshot