S&P 500 Slips 0.75% as Treasury Yields Hit 2007 Highs

S&P 500 slips 0.75% to 7,706.05 as yields hit 2007 highs. Alphabet and Amazon fell, while Meta rose on AI news. Fed hike odds climb to 71%.
businesstimes.com.sg reports that Alphabet and Amazon led the decline, while Meta rose 1 percent on strong reception of its new AI assistant. The report also notes Fed Governor Michael Barr signaled potential further rate hikes, with traders now pricing in a 71 percent chance of an October increase.
Source: businesstimes.com.sgWall Street fell Wednesday as oil prices rose and bond yields climbed. The S&P 500 ended at 7,706.05 points.
Source: The Business Times






