Brian Mackey on Rising Bond Yields and Earnings Expectations | NECN Market Analysis

Stock Indexes Decline on Rising Long-Term Treasury Bond Yields

Brian Mackey, deputy director of research at Adviser Investments, has the market analysis for Thursday, October 4. Despite rallying from steeper losses earlier in the day, all major U.S. stock indexes closed the day down, with the Dow Jones Industrial Average and S&P 500 falling 0.2% and the NASDAQ sliding 1.8%. Rising long-term Treasury bond yields, which are currently experiencing multiyear highs, partially contributed to that sell-off over concern that investors may begin to shift money from the stock to bond market. Meanwhile, Constellation Brands advanced more than 5% after the company beat quarterly earnings expectations and raised its full-year forecast.

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