Live Markets-US stock indexes swing lower as oil, yields jump
SPY•Market snapshot
Main US equity indexes red; Dow leads losses down ~1%
Consumer Discretionary is weakest S&P 500 sector; energy sole gainer
Euro STOXX 600 index off ~0.2%
Dollar gains slightly; US crude up >2%; gold slips; bitcoin falls >3%
US 10-year Treasury yield hits 5.041%, highest since 2007, now ~5.01%
Reuters live markets links
EARLIER ON LIVE MARKETS:
- BREADTH BREAKDOWN LEAVES NASDAQ BULLS ON ALERT CLICK HERE
- WHO DARES SHORT GAS? CLICK HERE
- SWEDISH ELECTION RESULTS MAY BE POSITIVE FOR NATION'S BANKS CLICK HERE
- STOCKS ENTER THE "DANGER ZONE" CLICK HERE
- WEAK START CLICK HERE
- EUROPE BEFORE THE BELL: SLIGHTLY SOFTER CLICK HERE
- TRUMP SAYS HIT THAT BRAKE; NO, NOT THAT ONE CLICK HERE
US stock indexes swing lower as oil, yields jump
Wall Street's three main indexes turned lower on Tuesday, with the Dow Industrials .DJI leading losses amid broad pressure from a rally in oil prices and climbing Treasury yields.
The Dow's biggest loser is Johnson & Johnson JNJ.N after news late on Monday that an experimental depression drug it developed with Contineum Therapeutics CTNM.O failed to meet the main goal of a mid-stage study. Contineum shares tumbled more than 11% as a result.
