Wall Street continues monthslong run following the cue of the bond market.
Negative numbers were again the norm on Monday on our Mobile and Alabama Stock Report, and one stock of local interest took the biggest hit.
Enviva dropped 15.4% to close at $2.52, a 52-week low. The wood pellet manufacturer partially exports out of the Port of Mobile and has a major facility coming soon to Epes in Sumter County.Overall, Wall Street swung to a mixed finish Monday, continuing a monthslong run where it’s slavishly followed the cue of the bond market.
The S&P 500 slipped 7.12 points, or 0.2%, to 4,217.04, coming off its worst week in a month. The Dow Jones Industrial Average dropped 190.87, or 0.6%, to 32,836.41. The Nasdaq composite rose 34.52, or 0.3%, to 13,018.33. Rapidly rising yields in the bond market have been pressuring stock prices since the summer, and they seemed set to climb further. Early Monday, the yield on the 10-year Treasury briefly topped 5.02% to touch its highest level since 2007. That helped to torpedo stocks, and the S&P 500 quickly slumped 0.8%.
If you purchase a product or register for an account through a link on our site, we may receive compensation.and agree that your clicks, interactions, and personal information may be collected, recorded, and/or stored by us and social media and other third-party partners in accordance with our
Deutschland Neuesten Nachrichten, Deutschland Schlagzeilen
Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.
Browns-Colts: Stock Up, Stock DownCleveland escaped Indianapolis with a 39-38 win and it would have been impossible to pull off without a number of key contributions
Weiterlesen »
How major US stock indexes fared Monday, 10/23/2023Wall Street wobbled to a mixed close, continuing a monthslong run where it’s slavishly followed the cue of the bond market. The S&P 500 slipped 0.2% Monday. The Dow fell 190 points, and the Nasdaq composite edged up 0.3%. All three indexes slumped at the start of trading, hurt by a continued rise for Treasury yields.
Weiterlesen »
ADPH launches dashboard for tracking respiratory virusesThe Alabama Department of Public Health has launched a new dashboard for tracking respiratory viruses.
Weiterlesen »
Recall alert: Kroger bagged collard greens recalled over listeria concernsStores affected by the recall include those in Alabama, Georgia, Kentucky, South Carolina and Tennessee.
Weiterlesen »
Gary Palmer unveils ‘Palmer’s Principles’ platform in bid for House speakerThe Alabama congressmen is among 9 GOP members vying for House speaker.
Weiterlesen »