Market Snapshot: Dow falls nearly 200 points with Treasury yields near 16-year highs, oil jumping and tech earnings ahead

by | Oct 18, 2023 | Stock Market

U.S. stock indexes were falling on Wednesday as Treasury bond yields remained at fresh 16-year highs, while investors digested more corporate results as the third-quarter earnings-reporting season got under way in earnest, but geopolitical angst still hit market sentiment amid the escalation of violence in the Middle East. How stock indexes are trading
The S&P 500
dipped 32 points, or 0.8%, to 4,340

The Dow Jones Industrial Average
fell 176 points, or 0.5%, to 33,822

The Nasdaq Composite
eased 119 points, or 0.9%, to 13,414

On Tuesday, the Dow industrials and the S&P 500 ended nearly flat, while the Nasdaq Composite dropped 0.3%, according to FactSet data.

What’s driving markets The volatility in the U.S government-debt market continued on Wednesday, weighing on stocks as investors parsed the third-quarter earnings results and struggled to shrug off concerns that the conflict between Israel and Hamas may lead to a broader war in the Middle East. Long-term Treasu …

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