Stock Markets Fall As Tech Stocks Fall; Yellen says interest rates may rise modestly Business

Stock Markets Fall As Tech Stocks Fall;  Yellen says interest rates may rise modestly Business

Europe’s benchmark STOXX 600 index also turned negative during the quick-fire selloff and was last trading 0.8% lower. “Not a great deal of movement in other assets but equity futures hit an air pocket,” said an equity sales trader based in London. “Looking at the price action and volume, a sense the machines took over for a second and resulted in a micro flash-crash.”

The volatility appeared to boost demand for safe-haven bonds, with the 10-year U.S. Treasury yield dropping almost 2 basis points to 1.591% before creeping back above 1.6%.

Source Some traders initially blamed the sharp moves on a report that a Chinese military aircraft had entered Taiwan’s air defence zone, but they later discounted that as a factor as similar occurrences have been quite common recently.

News Highlights Health

  • Stock Markets Fall As Tech Stocks Fall; Yellen says interest rates may rise modestly Business
  • Check all news and articles from the Health news information updates.
Disclaimer: If you need to update/edit/remove this news or article then please contact our support team.
For Latest Updates Follow us on Google News
Bollyinside - US Local News & Breaking News Stories
Logo
Compare items
  • Total (0)
Compare
0