Things could always get worse. The S&P 500 SPX index, -1.51% Friday cemented its worst monthly percentage decline since the March 2020 pandemic lockdowns, but also joined the Dow Jones Industrial Average DJIA, -1.71% and the Nasdaq COMP composite index, -1.51% booking the worst 9-month period since 2002, according to Dow Jones Market Data. “The …
Things could always get worse. The S&P 500 SPX index, -1.51% Friday cemented its worst monthly percentage decline since the March 2020 pandemic lockdowns, but also joined the Dow Jones Industrial Average DJIA, -1.71% and the Nasdaq COMP composite index, -1.51% booking the worst 9-month period since 2002, according to Dow Jones Market Data. “The …
LONDON — The Bank of England will suspend the scheduled start of its gilt sales next week and begin temporarily buying long-term bonds to calm the market chaos sparked by the new government’s so-called mini-budget. Yields on UK government bonds, known as gilts, were on course for their biggest monthly rise since at least 1957 …
Bank of England intervenes in the bond market after a sell-off Read More »
The latest threat to equities is no longer macro risk – it’s rising 2-year Treasury yields, according to some fund managers and strategists. Short-term, relatively risk-free Treasury bonds and funds are back in the spotlight as the 2-year Treasury yield continues to climb. On Wednesday, it hit 4.1%, the highest level since 2007. On Thursday, …
Stocks could continue to rise early next week as investors await a major consumer inflation report on Tuesday. The consumer price index for August is one of many reports on a busy economic calendar in the week ahead, but it’s the only final data point that market strategists believe could help determine how much the …
