Stocks drifted lower on Wall Street as long-term Treasury yields ticked higher. The S&P 500 fell 0.2% Tuesday. The Dow Jones Industrial Average slipped 0.3%, and the Nasdaq composite fell 0.1%. Stocks have been under pressure as oil prices have swung sharply amid the U.S. war with Iran, helping to push Treasury yields higher. The yield on the 10-year Treasury rose to 5.25% and earlier touched its highest level in 24 years. The price of Brent crude oil fell 1.7% to $96.16 a barrel, but remains far above where it was this summer. Markets in Europe were mixed.
Stocks closed modestly lower on Wall Street Tuesday as another increase in long-term Treasury yields weighed on the market.
kAm%96 $U2>Aj! d__ D=:AA65 _]aT 27E6C H2G6C:?8 36EH66? >@56DE 82:?D 2?5 =@DD6D 7@C >F49 @7 E96 52J] %96 s@H y@?6D x?5FDEC:2= pG6C286 5C@AA65 _]bT[ 2?5 E96 }2D52B 4@>A@D:E6 76== _]`T]k^Am
kAm|2;@C :?56I6D D9:7E65 =@H6C 27E6C 2 BF:6E >@C?:?8 2D C:D:?8 3@?5 J:6=5D F?56C4FE >F49 @7 E96 962GJ =:7E:?8 36:?8 5@?6 3J D6G6C2= E649?@=@8J 3696>@E9D] }G:5:2[ E96 >2C<6EVD >@DE :?7=F6?E:2= DE@4<[ 82G6 FA 2? 62C=J 82:? 2?5 4=@D65 _]fT =@H6C] qC@254@> C@D6 `]eT]k^Am
kAm$E@4<D C6>2:? F?56C AC6DDFC6 2D @:= AC:46D DH:?8 D92CA=J 2D E96 &]$] H2C H:E9 xC2? 5C28D @?[ 96=A:?8 E@ AFD9 %C62DFCJ J:6=5D E@ E96:C 9:896DE =6G6=D :? ac J62CD]k^Am
kAm%96 AC:46 @7 qC6?E 4CF56 @:= :? E96 >@DE 24E:G6=J EC2565 A2CE @7 E96 @:= >2C<6E 76== `]fT E@ D6EE=6 2E She]`e 2 32CC6=] xE 3C:67=J 4=:>365 23@G6 S`__ @? |@?52J 367@C6 AC:46D 62D65 2 3:E[ 3FE :E :D DE:== H6== 23@G6 E96 C@F89=J Sfa :E 4@DE 367@C6 E96 &]$] 2?5 xDC26= 2EE24<65 xC2? :? =2E6 u63CF2CJ]k^Am
kAm|65:2E@CD 4@?E:?F65 E@ H@C< H:E9 E96 &?:E65 $E2E6D 2?5 xC2? @? C6249:?8 2 562= E@ 6?5 E96 7:89E:?8 2?5 @A6? E96 $EC2:E @7 w@C>FK] &]$] !C6D:56?E s@?2=5 %CF>A @G6C E96 H66<6?5 C6;64E65 2? @776C 7C@> %69C2? E@ C6@A6? E96 <6J H2E6CH2J]k^Am
kAmt?6C8J DE@4<D 925 D@>6 @7 E96 3C@256DE =@DD6D] tII@? |@3:= 76== _]fT]k^Am
kAm~G6C2==[ C:D:?8 @:= AC:46D 92G6 366? 7F6=:?8 2 ;F>A :? %C62DFCJ J:6=5D] w:896C J:6=5D E9C62E6? E@ D=@H 64@?@>:4 8C@HE9 3J >2<:?8 3@CC@H:?8 >@C6 6IA6?D:G6 7@C :?5:G:5F2=D 2?5 3FD:?6DD6D] %96J 42? 2=D@ 9FCE AC:46D 7@C DE@4<D[ 6DA64:2==J E9@D6 D66? 2D 6IA6?D:G6[ :?4=F5:?8 >2?J E649?@=@8J 4@>A2?:6D E92E 92G6 D@2C65 3642FD6 @7 E96 7C6?KJ 2C@F?5 px E649?@=@8J]k^Am
kAm%96 J:6=5 @? E96 `_\J62C %C62DFCJ C@D6 E@ d]adT 7C@> d]acT =2E6 |@?52J] xE C624965 d]agT 62C=:6C %F6D52J[ E@F49:?8 :ED 9:896DE =6G6= D:?46 a__a[ 244@C5:?8 E@ %C256H63]k^Am
kAm$92C6D @7 r2C|2I C@D6 c]fT 27E6C E96 FD65 42C 562=6CD9:A 492:? C6A@CE65 D@2C:?8 D64@?5\BF2CE6C C6G6?F6 2?5 56=:G6C65 AC@7:ED E92E 62D:=J 362E (2== $EC66E 6IA64E2E:@?D] %96 4@>A2?J 2=D@ 2??@F?465 492?86D E@ :ED 6I64FE:G6 =6256CD9:A]k^Am
kAm~FC2[ E96 >2<6C @7 H62C23=6 5:8:E2= 962=E9 2446DD@C:6D 2?5 ;6H6=CJ[ D2:5 %F6D52J E92E :E H2D A@DEA@?:?8 :ED :?:E:2= AF3=:4 @776C:?8[ 56DA:E6 DEC@?8 56>2?5[ 5F6 E@ F?46CE2:?EJ :? E96 x!~ >2C<6E]k^Am
- Get the latest local and national business news from Daily Journal Business Editor Dennis Seid in this exclusive Facebook group.
kAmp== E@=5[ E96 $U2>Aj! d__ 76== `a]gd A@:?ED E@ f[ef_]gc] %96 s@H 5C@AA65 `b`]dh A@:?ED E@ d`[bch]ha[ 2?5 E96 }2D52B 82G6 FA aa]gc A@:?ED E@ 4=@D6 2E ae[fhf]dc]k^Am
kAm|2C<6ED :? tFC@A6 6?565 >:I65 2?5 >2C<6ED :? pD:2 4=@D65 >@DE=J =@H6C]k^Am
kAm(:E9 @?=J @?6 52J =67E :? $6AE6>36C[ E96 $U2>Aj! d__ :D @? A246 7@C 2 D=:89E >@?E9=J =@DD 27E6C A@DE:?8 2 a]eT 82:? :? pF8FDE] %96 36?49>2C< :?56I :D FA `a]`T D@ 72C E9:D J62C]k^Am
kAm(2== $EC66E H:== D66 D6G6C2= 3:8 64@?@>:4 FA52E6D E9:D H66< E92E 4@F=5 96=A :?G6DE@CD 2?5 E96 u656C2= #6D6CG6 86E 2 36EE6C D6?D6 @7 H96C6 :?7=2E:@? :D 962565 2?5 9@H 9@FD69@=5D 2?5 3FD:?6DD6D 2C6 562=:?8 H:E9 9:89 AC:46D]k^Am
kAm%96 =2E6DE FA52E6 @? E96 ;@3D >2C<6E %F6D52J D9@H65 E92E &]$] 6>A=@J6CD A@DE65 76H6C ;@3 @A6?:?8D :? pF8FDE] %96 {23@C s6A2CE>6?EVD >@?E9=J C6A@CE D2:5 E96J D=:5 E@ f]_g >:==:@? @A6?:?8D[ >2C<:?8 2 5C@A 7C@> yF=J 2?5 C68:DE6C:?8 36=@H H92E 64@?@>:DED 925 7@C642DE] xE 2=D@ D9@H65 E92E =2J@77D 76== 2?5 76H6C A6@A=6 2C6 BF:EE:?8 E96:C ;@3D]k^Am
kAm%96 ;@3D >2C<6E 92D 366? C6D:=:6?E 6G6? 2D DEF33@C?=J 9:89 :?7=2E:@? DBF66K6D 3FD:?6DD6D 2?5 9@FD69@=5D] (2== $EC66E H:== 86E 2 3C@256C FA52E6 @? uC:52J[ H96? E96 &]$] C6=62D6D :ED >@?E9=J 6>A=@J>6?E C6A@CE 7@C $6AE6>36C]k^Am
kAmw@FD69@=5D 92G6 366? 724:?8 9:896C AC:46D @? 6G6CJE9:?8 7C@> 82D@=:?6 E@ 4=@E9:?8 2D E96 &]$] H2C H:E9 xC2? 4FCE2:=D @:= D9:A>6?ED E9C@F89 E96 $EC2:E @7 w@C>FK] %96 =2E6DE FA52E6 @? 4@?DF>6C 4@?7:56?46 7C@> 3FD:?6DD 8C@FA %96 r@?76C6?46 q@2C5 D9@HD 2 D=F>A :? $6AE6>36C] r@?DF>6C 4@?7:56?46 5:AA65 E@ :ED =@H6DE =6G6= :? `a J62CD]k^Am
kAmQp>6C:42?D 766= ;@3D 2C6 >@C6 D42C46 2?5 2C6 AF==:?8 324< @? A=2?D 7@C 9@>6D[ 42CD[ 2?5 3:8\E:4<6E AFC492D6D[ 6>:EE:?8 2 H2C?:?8 D:8? 7@C 9@=:52J DA6?5:?8 6G6? E9@F89 =2J@77D 52E2 D9@H 6>A=@J6CD 2C6?VE J6E 4FEE:?8 H@C<6CD E@ >2E49 E96 8=@@>[Q D2:5 y677C6J #@249[ 49:67 64@?@>:DE 7@C {!{ u:?2?4:2=[ :? 2 C6D62C49 ?@E6]k^Am
kAm$EF33@C?=J 9:89 :?7=2E:@? 92D 366? D2AA:?8 4@?DF>6C 4@?7:56?46 2?5 AC6DDFC:?8 E96 u65[ H9:49 C646?E=J C2:D65 :ED 36?49>2C< :?E6C6DE C2E6 :? 2? 677@CE E@ 4@@= AC:46D] %96 =2E6DE FA52E6 @7 E96 46?EC2= 32?<VD AC676CC65 >62DFC6 @7 :?7=2E:@? H:== 36 C6=62D65 @? (65?6D52J] t4@?@>:DED 6IA64E E96 A6CD@?2= 4@?DF>AE:@? 6IA6?5:EFC6D :?56I[ @C !rt[ E@ D9@H E92E E96 C2E6 @7 :?7=2E:@? C@D6 b]fT :? pF8FDE[ >2E49:?8 yF=JVD C625:?8]k^Am
kAmx?7=2E:@? C2E6D 92G6 C6>2:?65 DEF33@C?=J 23@G6 bT >@DE @7 E96 J62C 2?5 E92E :D H6== 23@G6 E96 u65VD E2C86E C2E6 @7 aT] (2== $EC66E 6IA64ED E96 46?EC2= 32?< E@ C2:D6 :ED 36?49>2C< :?E6C6DE C2E6 282:? 2E :ED ?6IE >66E:?8 :? ~4E@36C]k^Am
kAmk6>mpDD@4:2E65 !C6DD 3FD:?6DD HC:E6CD r92? w@\9:> 2?5 |2EE ~EE 4@?EC:3FE65 E@ E9:D C6A@CE]k^6>mk^Am
Newsletters
Success! An email has been sent to with a link to confirm list signup.
Error! There was an error processing your request.
