Hawkish remarks from US Federal Reserve officials prompted another surge in US government bond yields. Earnings results were mixed with Tesla's (-6.7%) sales disappointing, but IBM (+4.7%), AT&T (+7.7%) and chemicals giant Dow (-0.4%) all topped analysts' forecasts. Shares of insurer Allstate dropped 12.9% as its third quarter was impacted by Hurricane Ian. The Dow Jones index fell by 90 points or 0.3%. The S&P 500 index dipped 0.8%. The Nasdaq index shed 66 points or 0.6%.
Hawkish remarks from US Federal Reserve officials prompted another surge in US government bond yields. Earnings results were mixed with Tesla's (-6.7%) sales disappointing, but IBM (+4.7%), AT&T (+7.7%) and chemicals giant Dow (-0.4%) all topped analysts' forecasts. Shares of insurer Allstate dropped 12.9% as its third quarter was impacted by Hurricane Ian. The Dow Jones index fell by 90 points or 0.3%. The S&P 500 index dipped 0.8%. The Nasdaq index shed 66 points or 0.6%.
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