Global markets: US stocks witnesses mixed results as Treasury yields increases
Later on Monday, the yield on the 10-year Treasury increased to 4.68 percent from 4.61 percent. On Monday, the yield on the 2-year Treasury increased from 4.91 percent to 4.96 percent.
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Later on Monday, the yield on the 10-year Treasury increased to 4.68 percent from 4.61 percent. On Monday, the yield on the 2-year Treasury increased from 4.91 percent to 4.96 percent.
United Health Group’s stock shot up 5.9% after the health insurer exceeded first-quarter earnings projections. Johnson & Johnson fell two percent as the pharmaceutical company’s first-quarter revenue fell short of analysts’ projections. The stock of Morgan Stanley increased by 2.4% as first-quarter earnings projections were surpassed.
At 7,854.15 points, the British FTSE 100 fell 1.4%. At 7,951.96, the CAC 40 of France saw a 1.2% decline. With the DAX down 1.4% at 17,777.89, Germany was hit. As of 4,921.15, the Euro Stoxx 50 was down 1.3%. Asia’s Hang Seng Index fell 2.1% to 16,248.97 points in Hong Kong. At 3,007.07, the Shanghai Composite of China fell 1.7%. Japan’s Nikkei 225 fell 1.9% to 38,471.20.
Crude Oil
By 1315 GMT, June delivery Brent futures had dropped 31 cents, or 0.3%, to $89.79 per barrel. US oil for May decreased by 32 cents, or 0.4%, to $85.09.
Spot Gold
Spot gold fell 0.2% on 09:26 ET (1326 GMT) to $2,376.90 per ounce. Spot silver dropped 1.4% to an ounce for $28.48.
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