Stocks Drop for 3rd-Straight Week on Rate Worries
The major equities indexes had their worst weeks since March as a hawkish-sounding Fed, high Treasury yields, and economic concerns weighed.
Closing Market Update
The major equities indexes had their worst weeks since March as a hawkish-sounding Fed, high Treasury yields, and economic concerns weighed.
Opening Market Update
Although stocks rebounded slightly overnight, Wall Street is on pace for its worst week since March. Treasury yields and crude oil prices remain elevated, and concerns are growing over the autoworkers' strike and a possible government shutdown in October.
Congress Scrambling to Avoid Government Shutdown
Historically, government shutdowns have not caused a major reaction in the markets. But shutdowns can increase market volatility, and an extended shutdown could have an impact on the overall economy.
Today's Options Market Update
Although stocks rebounded slightly overnight, Wall Street is on pace for its worst week since March. Treasury yields and crude oil prices remain elevated, and concerns are growing over the autoworkers' strike and a possible government shutdown in October.
Stocks Tumble on Surging Treasury Yields
The major indexes fell for a third straight day as an ongoing climb in Treasury yields and the prospects for another Fed rate hike unnerved investors.
Looking to the Futures
The December Gold contract (GCZ23) traded at 1953.90, up .20 points in late afternoon trading on Wednesday following a Hawkish Fed meeting where they chose to maintain current target rates.
Stocks Lower on Potential for More Rate Hikes
Fed leaders concluded a two-day policy meeting by leaving interest rates unchanged, as expected, but signaled another rate increase later this year could be necessary.
Quarterly Market Outlook: A Delicate Balance
The Federal Reserve weighs the data while investors wonder: Is the rate-hike cycle over?