Market Report - US Close

US close: Stocks drop sharply as Treasury yields rise

By Benjamin Chiou

Date: Wednesday 29 May 2024

(Sharecast News) - US stocks declined on Wednesday with all but three stocks on the Dow finishing in the red as investors continued to scale back their appetite for risk ahead of key inflation data later in the week.

"Global equities shuddered at the prospect of interest rates staying higher...

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