VWO - Asia Markets Ex-China Decline While Europe Gains; Gold Surpasses $2400 - Global Markets Today While US Slept | Benzinga
On Tuesday, April 16th, the U.S. stock markets ended mixed. Wall Street experienced a decline amid volatile trading, driven by increasing Treasury yields and investor worries about high interest rates in the face of ongoing inflation.
Federal Reserve Chair Jerome Powell indicated that, given recent inflation data, interest rates may need to stay higher for longer than expected.
According to economic data, March’s industrial production rose by 0.4%, matching the previous month’s increase. However, building permits fell 4.3% to an annual rate of 1.458 million, and housing starts dropped 14.7% to an annual rate of 1.321 million.
The S&P 500 mostly ended lower, with utilities, real estate, and energy sectors ...