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Dow retreats as 10-year government bond yield sinks below 3%, U.S.-China trade doubts surface


Tuesday, 4 December 2018 21:53 WIB

Standard & Poor's 500Indeks NasdaqSaham ASIndeks Dow Jones


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U.S. stocks on Tuesday retreated from yesterday's surge, as cracks in the bond market appeared to reflect growing doubts about the U.S.'s economic outlook.

Fresh questions about a U.S.-China moratorium on trade also weighed on market sentiment. The Dow Jones Industrial Average was down 100 points, or 0.4%, at 25,732, the S&P 500 index declined 0.3% at 2,782, while the Nasdaq Composite Index was off 0.5% at 7,407.

The yield on 10-year Treasury note meanwhile, extended a fall toward three-month lows at 2.95%, which has narrowed a closely followed spread between the 2-year Treasury to the tightest level since 2007.

Marketwatch


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