Business

Live news: US stocks rise ahead of Fed decision but notch 3-month losing streak

1 Mins read
Traders work on the floor of the New York Stock Exchange on Tuesday.
Traders work on the floor of the New York Stock Exchange on Tuesday. US stocks notched their first three-month losing streak since the start of the Covid-19 pandemic © Spencer Platt/Getty Images

US stocks notched their first three-month losing streak since the start of the Covid-19 pandemic, even as they closed higher on the final October trading session, a day before the Federal Reserve’s policy decision.

The S&P 500 advanced 0.6 per cent on Tuesday, while the tech-heavy Nasdaq Composite rose 0.5 per cent. The indices fell by 2.2 per cent and 2.8 per cent in October, respectively, their first three-month losing streaks since March 2020.

Stocks have endured a rough few weeks amid a bond market sell-off that has sent Treasury yields to multiyear highs.

The 10-year Treasury yield was up 0.05 percentage points to 4.93 per cent on Tuesday, up from 4.57 per cent at the end of September.

Read the full article here

Related posts
Business

US imposes restrictions on Thai officials for deporting Uyghurs to China

2 Mins read
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world…
Business

Judges order US government to rehire thousands of workers

2 Mins read
Unlock the White House Watch newsletter for free Your guide to what the 2024 US election means for Washington and the world…
Business

China steels itself for Donald Trump’s turmoil with ‘DeepSeek congress’

4 Mins read
For close watchers of Chinese politics, the country’s annual parliamentary meeting this year sent an important message: Beijing plans to boost investment…
Get The Latest News

Subscribe to get the top fintech and
finance news and updates.

Leave a Reply

Your email address will not be published. Required fields are marked *