VWO - Asia And Europe Markets Dip Crude Slips To $85 - Global Markets Today While US Was Sleeping | Benzinga
On Wednesday, October 18, the U.S. stock markets ended lower due to rising Treasury yields and investor assessments of recent corporate earnings and forecasts. Investors await Powell’s Speech at Economic Club of New York, amidst recent strong U.S. data.
Yields rose as U.S. single-family homebuilding rebounded in September, indicating that the Fed may maintain higher rates for a longer period.
In economic data, Single-family housing starts increased 3.2% to an annual rate of 963,000 units, as reported by the Commerce Department.
The Dow Jones Industrial Average declined by 0.98% to 33,665.08, the S&P 500 dipped 1.34% to 4,314.60, while the Nasdaq Composite fell by 1.62% and closed at ...