10/20/2022, 7:32 PM (Source: TeleTrader)
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US markets give up gains as bond yields jump

Markets on Wall Street turned negative in Thursday's afternoon trading after rising earlier in the session. Investors focused on corporate earnings, as well as the bond market, as the 10-year Treasury yield hit a 14-year high of 4.186%.

The Dow Jones lost 0.09% at 1:30 pm ET with Home Depot falling 2.13%.

The Nasdaq 100 declined 0.14% at 1:31 pm ET with Tesla, down 6.30% after releasing its third-quarter results, as the worst performer.

The S&P 500 slid 0.47% at the same time. Allstate Corp led the losses as its shares tumbled 12.59%.

The euro added 0.16% against the dollar to go for 0.97873 at 1:30 pm ET.

Baha Breaking News (BBN) / NP