While you were sleeping: Wall St slides, Treasuries stabilise

Mon, 05 Feb 2018

By Margreet Dietz Feb. 6 (BusinessDesk) - Wall Street slid as investors reassessed valuations with the potential for interest rates to rise more than they had previously anticipated. In 1.29pm trading in New York, the Dow Jones Industrial Average sank 1.8 percent, while the Nasdaq Composite Index dropped 1.1 percent. In 1.14pm trading, the Standard & Poor’s 500 Index retreated 1.3 percent. US Treasuries edged higher, pushing yields on the 10-year note 1 basis point lower to 2.83 percent. That’s still near the highest level in four yea...

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