Dollar rises to three-month high as US 10-year yield stays above 3%
Reuters/Jacky Naegelen
Stocks closed mixed Wednesday, paring losses from a tech selloff earlier in the day. A rising 10-year Treasury yield lifted the dollar to its highest level since January.
Here's the scoreboard:
Dow Jones Industrial Average: 24,081.21 +57.08 (+0.24%)
S&P 500: 2,631.99 −2.57 (-0.098%)
AUD/USD: 0.7564 -0.0037 (-0.49%)
ASX 200 SPI futures: 5,892.5 +25.0 (+0.43%)
Earnings season rolls on. Boeing, Facebook and AMD reported earnings that beat analyst expectations. Twitter posted its second-ever quarterly profit.
The 10-year Treasury yield held above the key level of 3%. It climbed to 3.035% at session highs.
The dollar resumed its rally, hitting a three-month high after a slight pause Tuesday. The greenback has risen nearly 2% on the Dollar Index since late January.
The Mexican peso, previously the best-performing currency this year, slid to a three-month low. It's fallen to fourth place amid the rise of a leftist presidential candidate and ongoing NAFTA negotiations.
Shares of Snap sank nearly 7%. That's after reports that the company is thinking of rolling back parts of a recent Snapchat app redesign, which has drawn criticism from users.
Here is Thursday's economic calendar:
The European Central Bank announces interest rate decisions.
The US releases monthly durable goods orders and weekly unemployment claims.
Amazon and Samsung report quarterly earnings.
Quarterly inflation data is out in Australia.
New Zealand reports its monthly trade balance.
NOW WATCH: Wall Street's biggest bull explains why trade war fears are way overblown
See Also:
SEE ALSO: Cryptocurrencies are diving