US stocks end September lower
The U.S. stock indices "Dow Jones" and "S&P 500" ended September with losses, influenced by rising U.S. Treasury bond yields and ongoing inflation concerns. Meanwhile, the tech-focused "Nasdaq" Composite index saw an increase, supported by data showing lower-than-expected personal consumption expenditures and a monthly rise of 1.7%. The yields on 10-year Treasury bonds fell to 5.29%, and market expectations for interest rate hikes decreased to 37% from over 70%. Additionally, U.S. economic data revealed that the core Personal Consumption Expenditures (PCE) index rose 3.4% year-over-year in August, below the forecast of 3.7%.
Size: 120%Text Size
Notice: This Is an AI-Generated Summary
Comments (0)