US stocks fall as oil prices and Treasury yields rise

Photo: Fletcher6 / Wikimedia Commons / CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)

US stocks fall as oil prices and Treasury yields rise

The S&P 500 fell 0.6% while the Nasdaq 100 dropped 0.7%, with Walmart’s earnings adding pressure to consumer stocks.

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By Editorial Team
Edited by Estefano Gomez

US stocks fell Thursday as oil prices rose and a rally in government bonds sputtered, pushing Treasury yields higher. Disappointing Walmart earnings also pressured the retail sector.

The S&P 500 fell 0.6% as of 1:50 p.m. in New York, while the Nasdaq 100 declined 0.7% and was on track for a fifth straight session of losses.

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Brent crude rose as much as 3.4% to nearly $95 a barrel after President Donald Trump threatened Iran with “economic warfare.” The 10-year Treasury yield climbed to 4.71%.

Walmart shares fell as much as 10% after the company reported second-quarter results that missed estimates. Sales at US stores open at least a year, excluding fuel, rose 2.6%, the slowest growth in more than six years.

Traders will look to Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole Economic Policy Symposium next week for signals on interest rates.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.
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US stocks fall as oil prices and Treasury yields rise
US stocks fall as oil prices and Treasury yields rise

The S&P 500 fell 0.6% while the Nasdaq 100 dropped 0.7%, with Walmart’s earnings adding pressure to consumer stocks.

By Editorial Team
Edited by Estefano Gomez

Share

Add us on Google

Photo: Fletcher6 / Wikimedia Commons / CC BY-SA 3.0 (https://creativecommons.org/licenses/by-sa/3.0)

US stocks fell Thursday as oil prices rose and a rally in government bonds sputtered, pushing Treasury yields higher. Disappointing Walmart earnings also pressured the retail sector.

The S&P 500 fell 0.6% as of 1:50 p.m. in New York, while the Nasdaq 100 declined 0.7% and was on track for a fifth straight session of losses.

Advertisement

Brent crude rose as much as 3.4% to nearly $95 a barrel after President Donald Trump threatened Iran with “economic warfare.” The 10-year Treasury yield climbed to 4.71%.

Walmart shares fell as much as 10% after the company reported second-quarter results that missed estimates. Sales at US stores open at least a year, excluding fuel, rose 2.6%, the slowest growth in more than six years.

Traders will look to Federal Reserve Chair Kevin Warsh’s speech at the Jackson Hole Economic Policy Symposium next week for signals on interest rates.

Disclosure: This article was edited by Editorial Team. For more information on how we create and review content, see our Editorial Policy.