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Stocks lose ground on Wall Street, crude oil prices climb
2 monthes ago | By Boston Herald
By DAMIAN J. TROISE
NEW YORK - Stocks fell in morning trading on Wall Street Monday and bond yields rose as investors face a mostly quiet week that will be capped by a closely watched update on inflation.
The S&P 500 fell 1.1% as of 10:20 a.m. Eastern. The Dow Jones Industrial Average fell 288 points, or 0.8%, to 34,141 and the Nasdaq fell 1.2%.
The yield on the 10-year Treasury, which influences mortgage rates, rose to 3.60% from 3.49% late Friday.
Investors are weighing several international developments that could further unsettle a global economy that is already getting burned by...
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Stocks open lower on Wall Street, crude oil prices climb
2 monthes ago | By Boston Herald
NEW YORK - Stocks are opening lower on Wall Street, with the exception of energy companies, which rose along with the price of oil. Crude prices were up almost 3% early Monday after a group of world leaders agreed to a boycott of most Russian oil and China loosened some COVID restrictions. The S&P 500 fell 0.6% and the tech-heavy Nasdaq lost 0.5%. The Dow Jones Indsutrial Average of 30 major blue chip companies was down 0.5%. Treasury yields rose. V.F. Corp., which makes Vans shoes and The North Face outdoor gear, sank after cutting its revenue forecast and announcing the departure of its...
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