(Reuters) - 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 Africa
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 Africa
No comments:
Post a Comment