Treasuries halt Fed-fueled rout, stocks struggle at week’s end ...Middle East

Treasuries rebounded and stocks struggled at the end of a jittery week that saw investors positioning for a higher-for-longer Federal Reserve stance. Ten-year yields dropped after briefly topping 4.5% for the first time since 2007. The S&P 500 notched its worst week since March. Tech, which bore the brunt of the recent rout, outperformed. Apple climbed as its latest iPhones and watches went on sale. A gauge of U.S.-listed Chinese shares rallied on news Washington and Beijing are forming working groups to discuss economic and financial issues. Traders are still very concerned about inflation and the path of policy amid the recent oil rally and the Fed’s sign

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Last updated : 24 September 2023 clock 05:44 PM

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Treasuries halt Fed-fueled rout, stocks struggle at week’s end ...Middle East

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