Equity Markets Fall Intraday; Yields Rise
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US equity markets fell intraday, with the Nasdaq down 0.5%, S&P 500 down 0.4%, and Dow Jones down 0.3%. This follows Fed Chair Powell's hawkish speech, indicating inflation risks and potential monetary easing in 2025. Treasury yields rose, with the two-year at 3.6% and the 10-year at 4.14%. New home sales in August exceeded expectations, while Freeport-McMoRan shares dropped 15% due to a force majeure. Integral Ad Science shares surged 21% after an acquisition announcement. Gold and silver prices also fell.
Source: marketscreener The copyright of this article belongs to the original author/organization.
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