Breaking News

You are here » Indian-Commodity  :  International & World Stock  :  US markets snap six-day winning streak


US markets snap six-day winning streak

The US market snapped six-day winning streak on Tuesday, with the Dow and S&P 500 weighed down by a steep loss for Walmart as investors also watched climbing bond yields, which could make equities less attractive at current levels. A renewed push higher for US bond yields - with the dollar also stronger - was being blamed for the market's weakness. Climbing bond yields - reflecting rising inflation worries - were the spark that set off the market meltdown earlier this month. Some of the US government's short-term borrowing costs rose to their highest level in more than nine years as the government raised $179 billion in the Treasury securities market to fund spending and make debt payments. Tuesday's auctions made up more than half of the $258 billion in Treasury debt supply scheduled for sale this week, which is projected to raise nearly $48 billion in new cash for the government. Wednesday's release of minutes from the Federal Reserve's January policy meeting, the last chaired by Janet Yellen, will be combed for clues to the central bank's thinking on interest rates.

The Dow Jones Industrial Average lost 254.63 points or 1.01 percent to 24,964.75, Nasdaq was down by 5.157 points or 0.07 percent to 7,234.31, and S&P 500 dropped 15.96 points or 0.58 percent to 2,716.26.

Related News

View all news

US markets end mostly in red terrain on Friday

The US markets ended the lackluster day of trade mostly in red terrain on Friday. Despite the choppy trading on the day, the Dow climbed to another new record closing high. Next week's Federal Reserve......

All Asian markets trade in green in early deals on Friday

All of the Asian markets are trading in green in early deals on Friday, following the record highs overnight on Wall Street's S&P 500, while the US dollar weakened as worries about trade tensions......

US markets end significantly higher on Thursday

The US markets ended significantly in green terrain on Thursday, as traders continued to shrug off concerns about the escalating trade dispute between the U.S. and China. Traders also took some encouragement......

Top News

View all news

ABB India undertakes an ambitious project to create a high density DFC

ABB India has undertaking an ambitious project to create a high density Dedicated Freight Corridor (DFC). The DFC will run between the four cities known as the Golden Quadrilateral - Delhi, Mumbai, Chennai......

NHPC to develop 40 MW solar plant in Odisha: Report

Hydropower generation company NHPC is reportedly planning to develop 40 MW solar plant in Odisha with an investment of about Rs 196 crore. The solar power project will come up on about 180 acres of land......

Tijaria Polypipes bags order worth Rs 35.30 crore

Tijaria Polypipes has received a single order of Rs 35.30 crore for supply of HDPE & PLB Ducts from Tata Projects. The same has to be executed within a period of 3 months. The company takes great......