Market Updates

← Market Updates7 oct. · 11 min

Pre-Market Report – Thursday 8 October: US markets slip on Fed minutes - SPI down 53 - Firmus has gone 'Softus '- Gold and resources to fall

Pre-Market Report – Thursday 8 October: US markets slip on Fed minutes - SPI down 53 - Firmus has gone 'Softus '- Gold and resources to fall7 oct.11 min

U.S. equities fell on Wednesday as pressure continued to build in the bond market, pushing Treasury yields to levels not seen in more than two decades. The Dow Jones Industrial Average lost 341.41 points, or 0.66%, to close at 51,179.87, while the S&P 500 shed 0.22% to end at 7,801.77. The Nasdaq Composite slipped 0.22% to settle at 27,538.69. Investors were spooked by the benchmark 10-year Treasury note yield reaching its highest level since April 2002 at 5.365% on Wednesday. The 3...