The day after touching it its highest level Since 2010, record Treasury yield For ten years, the largest decline since the global financial crisis was the US stock market. It was a happy day for US stocks, but the way to compensate for the year’s losses is still long.
US bondholders benefited from the intervention Bank of England in the bond market in his country, motivated by “tuning marketsThe yield on the 10-year Treasury bonds, the most important in the US market, fell by about 30 basis points, which was enough to help US stocks launch. The 10-year bond yield settled at 3.70% at the close.
By the end of trading on Wednesday, the three major US stock indices rose by around 2%, which could have been more than that had it not been for the decline in the price of Apple’s share, which alone constitutes more than 7% of the value of the S&P 500 index.
Apple’s stock, one of the most important shares traded on Wall Street, lost 1.27% of its value at the end of trading today, after it succeeded in reducing its losses, which reached more than 4% in the first minutes of trading, coinciding with the company’s announcement of abandoning its plans to increase its production of the latest models for this year.
In a related context, the price of a barrel of oil from US West Texas crude rose by 4.5% during trading on Wednesday, to return to approaching the level of $ 82, coinciding with the US administration’s announcement of a decline in crude oil stocks, and increasing fears of higher prices locally due to the arrival of Hurricane Ian to the state Florida.
The price of benchmark Brent crude also rose, again approaching $90 a barrel.
On the other side of the Atlantic, the price of . has stabilized Sterling pound Near $1.09, after hitting an all-time low earlier this week, but none of the analysts expected the British crisis to end soon.