Treasury yields rise, dollar down amid fiscal concerns
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US stocks managed to eke out gains on Monday as bond yields eased off bigger gains and Wall Street largely shrugged off Moody's downgrade of the US credit rating. Meanwhile, investors digested developments in President Trump's tariff salvos.
Stocks, bonds and the dollar fell on Wednesday as concerns mount about the premier status of American assets. The Dow was down 717 points, or 1.6%. The broader S&P 500 slid 1.13% and the tech-heavy Nasdaq Composite fell 0.85%.
Live Updates Live Coverage Updates appear automatically as they are published. UNH Downgrade 10:08 am by UnitedHealth Group (NYSE: UNH) stock is falling 4.3% today, adding to its recent woes. HSBC analysts downgraded the stock,
South Korea pledged on Wednesday more support measures for key export industries such as biopharmaceuticals and autos, as U.S. President Donald Trump's sweeping tariffs weigh on the trade-reliant economy.
The home improvement chain reported earnings on Wednesday morning that matched estimates on revenue and beat on earnings. Revenue fell 2% year over year to $20.93 billion, while adjusted earnings per share dropped 4.6% to $2.92, compared to the $2.88 expected.
Despite this recent downturn, AVGO stock has achieved considerable long-term growth, rising over 300% since the beginning of 2023.
Trump’s tariffs and the global trade war continue to impact global markets. Follow along for live updates on the Dow, S&P 500 and Nasdaq.
The Dow closed lower by 817 points, or 1.91%. The broader S&P 500 slid 1.61% and the tech-heavy Nasdaq Composite fell 1.41%. The three major indexes each posted their worst day in one month. Stocks moved sharply lower and bonds sold off after a 1 p.