Thursday, October 6, 2022

Dow, S&P fall 1% in choppy session, oil tops $88

  • Dow, S&P fall 1% in choppy session, oil tops $88

    U.S. stocks fell across the board as rising bond yields pressured equities ahead of the September jobs report due on Friday after General Electric and Peloton announced a fresh wave of layoffs. The yield on the 10-year Treasury topped 3.82%. In commodities, the fallout from OPEC's production cut lifted oil to $88.45 per barrel.

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