S&P 500 retreats from record as elevated yields keep traders on guard: Live updates
The S&P 500 and Nasdaq retreated from record highs as US Treasury yields and oil prices rebounded, keeping investors cautious. Stock futures are little changed. The S&P 500 reached a new high earlier this week, driven by a tech rally, but investors are now on guard due to elevated yields.
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- ✓ The S&P 500 reached a new high earlier in the week.
- ✓ The Nasdaq and S&P 500 eased from record highs as Treasury yields and oil prices rebounded.
- ✓ Stock futures are little changed after the S&P 500 retreats from record.
What changed
The S&P 500 and Nasdaq retreated from record highs as Treasury yields and oil prices climbed, shifting investor sentiment.
Live updates
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S&P 500 retreats from record high as yields climb
The S&P 500 and Nasdaq retreated from record highs as US Treasury yields and oil prices rebounded, keeping investors cautious. Stock futures are little changed. The S&P 500 reached a new high earlier this week, driven by a tech rally, but investors are now on guard due to elevated yields.
Why it matters
The retreat from record highs is significant as it reflects investor sentiment in response to changing economic indicators. Rising yields can impact borrowing costs and economic growth. The Federal Reserve's stance on interest rates and inflation is closely watched. Investors are awaiting the minutes of the Federal Reserve meeting for further guidance.
What is confirmed
- The S&P 500 reached a new high earlier in the week.
- The Nasdaq and S&P 500 eased from record highs as Treasury yields and oil prices rebounded.
- Stock futures are little changed after the S&P 500 retreats from record.
What to watch next
- Federal Reserve meeting minutes
- US Treasury yields
- third-quarter earnings reports
confidence 85%Sources used for this update (8)
- CNBC — Stock futures are little changed after S&P 500 hits fresh record: Live updates
- www.cnbc.com — Stock market today: Live updates
- WSJ — Stock Market Today: S&P 500, Nasdaq Futures Hover Near Record Highs — Live Updates
- Yahoo Finance — Stock market today: Dow, S&P 500, Nasdaq futures fall after tech rally as Treasury yields rise
- Reuters — Wall St futures fall as yields and oil rebound; Fed minutes in focus
- CNBC — Stock futures are little changed after S&P 500 retreats from record: Live updates
- www.marketscreener.com — S&P 500, Nasdaq retreat from record highs as yields and oil ...
- en.sedaily.com — S&P 500, Nasdaq Hit Records as Treasury Yields Retreat
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