(Reuters) - NEW YORK, June 6 - U.S. stocks fell on Wednesday
after Europe's central bank lifted interest rates and U.S. data
showed higher-than-expected labor costs, fueling concern that
inflation and rising rates will hurt corporate profits.
Utility shares were the biggest drag on the S&P 500 index
on expectations that rising bond yields will make the
dividend-paying sector comparatively less attractive to
investors.
Read more at Reuters.com Bonds News
after Europe's central bank lifted interest rates and U.S. data
showed higher-than-expected labor costs, fueling concern that
inflation and rising rates will hurt corporate profits.
Utility shares were the biggest drag on the S&P 500 index
on expectations that rising bond yields will make the
dividend-paying sector comparatively less attractive to
investors.
Read more at Reuters.com Bonds News
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