US Stock Market Live: Wall Street saw one of its most brutal selling sessions overnight in over a month as rising deficit worries led to a spike in bond yields, which in turn hit sentiment around equities. The run-up seen from lower levels also was a big factor in investors choosing to take money off the table as uncertainties rose. Watch this space for all the live updates.
US Stock Market Live: Wall Street saw one of its most brutal selling sessions overnight in over a month as rising deficit worries led to a spike in bond yields, which in turn hit sentiment around equities. The run-up seen from lower levels also was a big factor in investors choosing to take money off the table as uncertainties rose. Poor response to the 20-year bond auction, despite high yields, added to the fears on the street. Currently, futures are trading on the flat line, after the Dow Jones fell 800 points on Wednesday, while the S&P 500 and Nasdaq fell 1.5% each. Unlike previous sessions, where lower levels were met with buying interest, it was not the case yesterday, as all the indices ended at the lowest point of the day. The 10-year bond yield has now hit 4.6%, crude prices saw some profit booking at higher levels, while Gold has seen buying interest return at lower levels. The US Dollar continues to remain below the 100 mark. Watch this space for all the Live updates.