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Pre-Market Report – Wednesday 30 September: US markets drift lower - Bond yields rise at the long end - Gold up - Oil down - SPI down 5 - CPI today

Published 3 weeks, 1 day ago
Description

The Dow Jones Industrial Average pulled back 131.59 points, or 0.26%, to close at 51,349.92. The S&P 500 edged down 0.16% to end at 7,670.84, while the Nasdaq Composite slipped 0.09% to 26,797.54. Though all three indexes ended the session off their lows, they also posted back-to-back losing sessions.

Bank stocks slid. JPMorgan Chase, Morgan Stanley and Bank of America declined. The State Street Financial Select Sector SPDR ETF (XLF) also closed lower.

The 30-year Treasury bond yield climbed to a high above 5.6% to reach a level not seen since June 2002. The benchmark 10-year Treasury note yield topped 5.29% at its session high.

SPI down 5 - CPI today - Gold up - Oil down - NST in focus.

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