Update: US equities follow Europe lower as bond jitters weigh

S&P 500 and Dow Jones both down

clock • 2 min read

US equities were down over 1% in early trading today, as the sell-off in global markets continues for a second day.

The Dow Jones opened down 0.95% at 26,188 points on Tuesday while the S&P 500 fell 0.81% to 2,831 points, after the two indices posted their worst sessions of the year on Monday. US markets followed Europe lower, with the FTSE 100 down 0.92% by late afternoon at 7,600 while the German Dax fell 0.74% and the French Cac 40 dropped 0.69%. Equity markets had enjoyed their best start to the year since 1987 with the S&P 500 rising 5.9% to 2,853 points on the back of President Donald Trump's tax reform. However, the recent sell-off in government bond markets has spilled-over into equities...

To continue reading this article...

Join Investment Week for free

  • Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
  • Get ahead of regulatory and technological changes affecting fund management
  • Important and breaking news stories selected by the editors delivered straight to your inbox each day
  • Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
  • Be the first to hear about our extensive events schedule and awards programmes

Join now

 

Already an Investment Week
member?

Login

More on Global

Global fund managers most bullish in two years as growth expectations improve

Global fund managers most bullish in two years as growth expectations improve

BofA Global Fund Manager survey

Cristian Angeloni
clock 13 February 2024 • 2 min read
 Stories of the week: 3 November

Stories of the week: 3 November

Odey Asset Management; BoE; Fed; - The biggest stories from the world of investment and asset management this week

Sarka Halas
clock 03 November 2023 • 1 min read
Opportunity abounds as India gains entry to JP Morgan's bond index

Opportunity abounds as India gains entry to JP Morgan's bond index

'Significant foreign investor inflows’

Investment Week
clock 10 October 2023 • 6 min read
Trustpilot