LIVE TV
ZEE Business
ZEE BUSINESS
हिंदी में पढ़ें  हिंदी में पढ़ें
Live TV
Live TV
  • Home
  • Budget 2021
  • Personal Finance
    • PPF
    • Mutual Funds
    • Income tax
    • EPFO
    • Income Tax Calculator
    • Personal Loan Calculator
    • Car Loan Calculator
    • Home Loan Calculator
    • SIP calculator
    • SWP Calculator
    • MF Returns Calculator
    • Lumpsum Calculator
  • India
    • Companies
    • Property
    • Startups
    • Uidai
  • Economy
    • Aviation
  • Tech
    • Mobiles
    • Apps
  • Auto
    • Cars
    • Bikes
  • Markets
    • Commodities
    • Currency
  • Jobs
  • Indian Railways
  • World
    • Economy
    • Politics
    • Markets
  • videos
  • photos
  • Authors
  • More ...
    • VIDEOS
    • PHOTOS
Business News » World News

Wall Street closes lower, Treasury prices higher

  • Twitter
  • Facebook
  • Linkedin
  • whatapp
Updated: Tue, Oct 24, 2017
01:52 am
Reuters
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

U.S. stocks closed lower on Monday after starting the day at record highs, weighed down by the tech and industrial sectors, while U.S. Treasury prices inched higher in thin volume.

General Electric tumbled 6.3 percent after some research analysts lowered their price targets on the stock, citing higher chances of a dividend cut at the industrial conglomerate.

U.S. Treasury prices rose slightly, tracking gains in the European bond market. Investors added to their positions after a sell-off the last few days ahead of this week`s debt auctions and a European Central Bank monetary policy meeting.

Benchmark 10-year U.S. Treasury notes were last up 3/32 in price to yield 2.3719 percent, from 2.381 percent late on Friday. The 30-year bond were last up 4/32 to yield 2.8873 percent, from 2.894 percent late on Friday.

Wall Street opened at record highs following Japanese Prime Minister Shinzo Abe`s emphatic win in weekend polls. The victory also sent the dollar to a three-month high against the yen, as investors bet the win would mean a continuation of "Abenomics," the ultra-loose policies that have kept downward pressure on the yen.

The Japanese yen strengthened 0.16 percent versus the greenback at 113.35 yen per dollar .

The Dow Jones Industrial Average <.dji> fell 54.67 points, or 0.23 percent, to end at 23,273.96, the S&P 500 <.spx> lost 10.23 points, or 0.40 percent, to 2,564.98 and the Nasdaq Composite <.ixic> dropped 42.23 points, or 0.64 percent, to 6,586.83.

Quincy Krosby, chief market strategist at Prudential Financial, headquartered in Newark, New Jersey, said the market is not down in a "meaningful" way, but taking a pause.

"This is the week for earnings," she said. "The market basically wants to ascertain that they’re going to see top-line revenue growth and bottom-line performance before they commit themselves."

Corporate earnings have gotten off to a strong start, with 73.2 percent of the 97 S&P companies beating profit expectations versus a 72-percent beat rate over the past four quarters.

European STOXX 600 shares <.stoxx> rose 0.16 percent, although Madrid`s bourse IBEX <.ibex> shed 0.6 percent, as Spain`s crisis entered another week.

Madrid took the unprecedented step of firing the government of Catalonia on Saturday in a last resort to thwart its push for independence. Catalan leaders called for civil disobedience in response.

The pan-European FTSEurofirst 300 index <.fteu3> rose 0.11 percent and MSCI`s gauge of stocks across the globe <.miwd00000pus> shed 0.28 percent.

Japan`s Nikkei <.n225> rose 1.11 percent. Emerging market stocks <.mscief> lost 0.34 percent. MSCI`s broadest index of Asia-Pacific shares outside Japan <.miapj0000pus> closed 0.23 percent lower.

Argentina`s stocks jumped as investors bet a strong electoral performance from President Mauricio Macri`s coalition could boost his reform agenda.

Argentina`s benchmark Merval index <.merv> rose 3.1 percent.

Gold prices touched a more than two-week low before paring losses as chart signals helped offset pressure from a stronger dollar and an early advance in equities.

Spot gold added 0.2 percent to $1,282.47 an ounce. U.S. gold futures gained 0.26 percent to $1,283.80 an ounce.

(This article has not been edited by Zeebiz editorial team and is auto-generated from an agency feed.)

Get Latest Business News, Stock Market Updates and Videos; Check your tax outgo through Income Tax Calculator and save money through our Personal Finance coverage. Check Business Breaking News Live on Zee Business Twitter and Facebook. Subscribe on YouTube.

TAGS:
Economy
RELATED NEWS
Expert Views: BIG! India's retail inflation eases to 4.59% in December Expert Views: BIG! India's retail inflation eases to 4.59% in December
Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands Budget 2021 Expectations – HOME BUYERS to benefit if Govt accepts this demand; JLL CEO lists following demands
Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED Jobs, land prices, Covid-19 vaccine, rural India, household savings, NBFCs, banks, consumption, capex - Positives and Negatives | EXPLAINED
Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED    Economy, markets, FIIs, chemicals, IT and Pharma - Make money, as India powers to new highs | EXPLAINED
Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY! Setback for China – Trend reversing in favour of India; SFI lands big blow! Know here WHY!

LATEST NEWS

PUBG Mobile India launch date: Rumours rage with this announcement; will the Battle Royale Game make comeback? Check latest report

7th Pay Commission latest news: Salary up to Rs 2.08 plus DA, HRA; check 7th CPC details in Central Government at upsconline.nic.in

HDFC Life: Sharekhan maintains Buy rating on the stock with a revised price target of Rs 850; know key risk

Anil Singhvi reveals when to apply buying strategy in falling markets | Know all about 2:30 factor

Krunal, Hardik Pandya's father passes away, Baroda skipper leaves Syed Mushtaq bubble

SBI, HDFC Bank, ICICI Bank, Axis Bank to Yes Bank, Maruti Suzuki car finance facility launched; bring home your dream car easily now

SAIL, Telecom Stocks, HCL Technologies to Bajaj Healthcare - here are top Buzzing Stocks today

Earthquake today: 42 dead, 15,000 displaced in massive Indonesia quake

Stocks to Buy: Tata Motors stock on a roll, gains 6 pct on Friday; Know why trends to remain bullish

Very important Aadhaar Card Update! Do your Aadhaar-mobile linking by this date or miss a big opportunity

  • India News
  • World News
  • Companies News
  • Market News
  • Personal Finance News
  • Technology News
  • Automobile News
  • Small Business News
  • Income Tax Calculator
  • Live TV
  • Videos
  • Photos
  • Author
  • Rss Feed
  • Advertise with us
  • Privacy Policy
  • Legal Disclaimer

Latest Trending Updates

  • EPFO
  • Budget 2020
  • Income Tax Return
  • Auto Expo 2020
  • Home Loan
  • Business News

Trending Topics

  • Income Tax
  • income Tax Calculator
  • 7th Pay Commission
  • Reserve Bank of India
  • GST
  • Latest Business News

Follow us on

zeebiz
zeebiz

Partner Sites

  • Zee News
  • Hindi News
  • Marathi News
  • Bengali News
  • Tamil News
  • Malayalam News
  • Gujarati News
  • Telugu News
  • Kannada News
  • DNA
  • WION
Copyright © Zee Media Corporation Ltd. All rights reserved