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HomeEconomyRising US debt yields leave Wall Street rudderless - Al Borsa

Rising US debt yields leave Wall Street rudderless – Al Borsa

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Major North American indices ended the day on a mixed note, with the session punished by US 10-year debt yields, which reached their highest levels in 2007.

Indicators on the other side of the Atlantic ended the session without direction, with market sentiment punished by rising US 10-year debt yields, which reached their highest levels in more than 15 years, as well as higher oil prices.

The Dow Jones index fell 0.2% to 33,550.27 points, while the Standard & Poor’s 500 index advanced 0.02% to 4,274.51 points. The Nasdaq technology index added 0.22% to 13,092.85 points.

Yesterday, the three indices lost more than 1%, to their lowest levels at the beginning of June.

Investors continue to weigh the possibility that the Federal Reserve will keep interest rates in the restricted area for longer than expected.

Today, investors focused on the data on durable goods orders, which were higher than expected by 0.2%, while they were expected to fall by 0.5%, but this was not enough to encourage the market.

And in Washington, where the interest was Against the backdrop of the ongoing negotiations over the federal budget, it focused on the rejection by House Speaker Kevin McCarthy of a temporary funding project that was advancing in the Senate.

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