• Business Highlights

    5 monthes ago - By Chron

    Sell-off in industrial, tech stocks sends Dow down 400
    NEW YORK - After a strong start, U.S. stocks abruptly sold off Tuesday after machinery maker Caterpillar said it doesn't expect to top its first-quarter profit for the rest of the year. The Dow Jones industrial average plunged as much as 619 points as investors feared that rising oil prices and other costs will slow down growth in company profits.
    US sales of new homes shot up 4 percent in March
    WASHINGTON - Sales of new U.S. homes jumped 4 percent in March, propelled by a surge of buying in the West. The Commerce Department says sales...
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  • Stocks get whacked after the 10-year hits 3%

    Stocks get whacked after the 10-year hits 3%

    5 monthes ago - By Business Insider

    Stocks nosedived Tuesday, with the Dow Jones industrial average sinking 600 points at session lows. The selling came after the 10-year Treasury yield hit 3%, spooking markets. The dollar edged lower after a week of gains.
    Here's the scoreboard:
    Dow Jones Industrial Average : 24,023.93 −424.76
    S&P 500 : 2,623.41 −46.88
    AUD/USD : 0.7609 +0.0002
    ASX 200 SPI futures: 5,869.0 -5
    The 10-year Treasury yield climbed above the key 3% level for the first time since 2014. Rising US government bond yields can crowd out consumer and corporate spending.
    Earnings season rolls on. Shares of...
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  • ‘High-water mark' comment from Caterpillar executive ripples through U.S. stock market

    5 monthes ago - By Washington Post

    Dow sinks 550 points at low after solid corporate earnings fail to dispel worries on downward pull of ten-year Treasury yield
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  • Steep drops in technology, industrial stocks pull Dow Jones industrial average down 600 points

    5 monthes ago - By Chron

    NEW YORK - Steep drops in technology, industrial stocks pull Dow Jones industrial average down 600 points.
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