Yen and rouble also rocked by expectations that Federal Reserve will keep interest rates higher for longer
The main indexes sold off sharply Tuesday as job openings climbed and Treasury yields soared. Stocks took a nosedive Tuesday as shockingly strong jobs data sent Treasury yields spiking and raised expectations for another possible rate hike from the Federal Reserve. The main benchmarks opened modestly lower today, but mid-morning data showing an unexpected rise in the number of job openings sent them spiraling in afternoon trading. Specifically, the Bureau of Labor Statistics said earlier that Au
The Nasdaq led losses as rising Treasury yields piled on pressure and investors got a reminder not to expect a Fed rate cut anytime soon.