19 Hrs
Source:
الاقتصادية
Wall Street Drops as Yields and Walmart Fall
The major U.S. stock indices declined as government bond yields rose, with the increase in yields impacting investor sentiment. Meanwhile, Walmart's shares dropped sharply by 8.6% following a decline in its quarterly sales, which came in below expectations due to consumer hesitation caused by rising fuel prices. Additionally, the surge in the 30-year Treasury bond yield to its highest level in nearly two decades raised concerns about ongoing pressure on the markets. Oil prices increased by 2.3%, amid continued unrest in the Middle East. On the other hand, the American economy showed signs of labor market stability, with the number of unemployment benefit claims decreasing, as markets awaited the Federal Reserve's decision on interest rate hikes.
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