US stocks fall with fear of rates hikes

The New Age (Free State) - - INSIDE -

NEW YORK: US stocks fell yes­ter­day, after three days of gains, as strong in­fla­tion data fanned fears of faster in­ter­est rates hikes, while an un­ex­pected fall in Jan­uary re­tail sales raised con­cerns about eco­nomic growth. The in­fla­tion data sent bench­mark US 10-year Trea­sury yields to a ses­sion high of 2.88%, mak­ing bonds more at­trac­tive than stocks. The labour depart­ment said its CPI in­creased 0.5% last month. – Reuters

Newspapers in English

Newspapers from South Africa

© PressReader. All rights reserved.