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FILE – This April 5, 2018, the photo of the file shows the address of a building on Wall Street in New York. The US stock market opens at 9:30 am EDT on Thursday, September 6th.
FILE – This April 5, 2018, the photo of the file shows the address of a building on Wall Street in New York. The US stock market opens at 9:30 am EDT on Thursday, September 6th.
Photo: Richard Drew, AP
FILE – This April 5, 2018, the photo of the file shows the address of a building on Wall Street in New York. The US stock market opens at 9:30 am EDT on Thursday, September 6th.
FILE – This April 5, 2018, the photo of the file shows the address of a building on Wall Street in New York. The US stock market opens at 9:30 am EDT on Thursday, September 6th.
Photo: Richard Drew, AP
NEW YORK (AP) – Latest news on financial markets (local time):
16:00.
US stock indexes are down on Friday after a surprising report on employment has pushed investors to position themselves for higher interest rates. Investors sold high dividend stocks due to higher bond yields and a rebound in technology stocks after recent losses.
Tesla collapsed 6.3% after his chief accountant resigned after only a month, and CEO Elon Musk appeared to smoke marijuana during an interview.
The S & P 500 lost 6 points, or 0.2%, to 2,871.
The Dow Jones lost 79 points, or 0.3%, to 25,916, and the Nasdaq composite fell 20 points, or 0.3%, to 7,902.
The 10-year Treasury bond yield jumped from 2.87% to 2.94% Thursday night.
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11:45
US stock indexes are slightly higher Friday at noon, after a surprising report on employment has pushed investors to position themselves for higher interest rates. Investors sold high dividend stocks due to higher bond yields and a rebound in technology stocks after recent losses.
Tesla collapsed 5.3% after his chief accountant resigned after only a month, and CEO Elon Musk was seen smoking marijuana during an interview.
The S & P 500 is up 3 points, or 0.1%, to 2,881.
The Dow Jones fell by 6 points to 25,990 and the Nasdaq composite by 27 points, or 0.4%, to 7,950.
The 10-year Treasury bond yield jumped from 2.87% to 2.94% Thursday night.
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9:35
US stock indexes are down at the start of the trading session on Friday after a surprisingly strong employment report prompted investors to position themselves for higher interest rates. Hiring remains not only strong, but wages rose last month at their fastest pace in eight years. This should give the Federal Reserve more latitude to continue raising rates.
The S & P 500 is down 10 points, or 0.4%, to 2,867 and is on track for its fourth day in a row.
The Dow Jones is down 102, or 0.4%, to 25,893, and the Nasdaq composite is down 47, or 0.6%, to 7,874.
The 10-year Treasury bond yield jumped from 2.87% to 2.92% Thursday night.
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