CNBC Daily Open: Stocks are under pressure from Treasury yields
Publishing timestamp: 2023-08-17 19:49:05
Summary
The article discusses the decline in U.S. stocks, the rise in Treasury yields, the challenges facing the Chinese economic model, China's potential response to U.S. investment restrictions, the plunge in Bitcoin, a surprising social stock pick, and investor sentiment. It also mentions that while there are negative factors, the overall market is still above its 200-day moving average and August is historically a slow month for stocks.
Sentiment: MIXED
Tickers: .SPX, .DJI, BTC.CB=, .IXIC, SPY,
Keywords: business news, world markets, dow jones industrial average, markets, u.s. treasury bonds, nasdaq composite, interest rates, cryptocurrency, federal reserve system, bitcoin/usd coinbase, spdr s&p 500 etf trust, s&p 500 index, china, inflation, united states, economic events, prices,
Source: https://www.cnbc.com/2023/08/18/stock-markets-stocks-are-under-pressure-from-treasury-yields.html