Saturday, February 15, 2025
HomeTrading RoomAs the 10-Year Treasury Yield Crosses 5% for the First Time Since...

As the 10-Year Treasury Yield Crosses 5% for the First Time Since 2007, Stock Futures Decline

As traders concentrated on a recent rise in the 10-year Treasury yield, stock futures fell on Friday morning.

The Dow Jones Industrial Average futures were down 27 points, or 0.1%. S&P 500 futures down by 0.1%, while Nasdaq 100 futures decreased by around 0.2%.

For the first time in 16 years, the yield on the benchmark 10-year Treasury bond surpassed 5%. The 10-year yield reached 5.001% on Thursday around 5 p.m. ET, the first time it has traded over that mark since July 20, 2007, when it reached a maximum yield of 5.029%. The most recent price in trade was 4.939%.

After lowering its revenue forecast for the third quarter, SolarEdge’s stock fell 24%. After outperforming expectations on both the top and bottom lines in the third quarter, Knight-Swift Transportation increased its value by 16%.

After a choppy day for equities, there is action. The 30-stock Dow dropped 250.91 points, or 0.75%, while the S&P 500 dropped 0.85%. Nearly 1% was lost by the Nasdaq Composite.

Following Jerome Powell’s speech in New York on Thursday, stocks were roiled. He stated that because inflation is still too high, slower economic growth will probably be required to control it. Powell added that he does not believe current interest rates are excessive.

Source (CNBC)

SourceCNBC
- Advertisment -

Most Popular

Recent Comments