Stocks Down 425 As Tech Takes Hit; High 10-Year Treasury Yields

Stocks Down 425 As Tech Takes Hit; High 10-Year Treasury Yields

Stocks Down 425 As Tech Takes Hit; High 10-Year Treasury Yields

The Dow is down 695.09 points, or 2.8 percent. The hotel developer reported mixed first-quarter earnings, beating earnings per share expectations but missing on revenue.

The 10 year benchmark of Treasury yield traded at 3.02 percent after breaking above the rate of 3 percent for the first time on Tuesday since 2014. the rates which are moving higher is pushing the stocks lower with the Dow dropping by more than 400 points. The Dow Jones Industrial Average fell more than 600 points at one point, extending the index's losing streak to five sessions.

Facebook is expected to post adjusted 1Q earnings of $1.36 per share, up 30 percent from $1.04 past year.

But the industrial giant's shares sunk later in the day, sparking a mass sell-off throughout the stock market, after Caterpillar Chief Financial Officer Brad Halverson said the company's first-quarter profit "will be the high-water mark for the year" because of expected increases in investment later in 2018.

MISPRINT: Alphabet slid 5 percent to $1,020.22 after the company said ad revenue climbed, but expenses also rose.

Google's Tasks app is now available in the Play Store
Design-wise, Google Tasks lines up perfectly with what we've been hearing about " Material Design 2 " and Android P. A new Confidential Mode is perhaps the biggest security/privacy investment out of this batch of announcements.

'Smallville' Actress Accused of Participating in Cultlike Group Released from Jail
Attorney Moira Penza stated in court that Mack was one of the top members of the sex cult disguised as a female empowerment group. Raniere was arrested last month on federal charges of sex trafficking , sex-trafficking conspiracy and forced labor conspiracy.

CNN's Dana Bash Defends Asking 'Completely Legitimate Question' to Kellyanne Conway
Then, however, she took anchor Dana Bash's question as a major slight that brought family members into politics. Another Vox writer said Conway had it all wrong . "Which I agree is a totally offensive concept".

USA stocks slid on Tuesday as 10-year Treasury yields hit the highly anticipated 3 per cent mark for the first time in four years, stoking concerns over higher borrowing rates for companies already facing rising costs, and as quarterly results failed to deliver positive outlooks.

Adams said the tax cuts may help stocks later on, but investors always want to see better and faster growth, and now they're not sure where that improvement will come from. JPMorgan hiked the Dallas-based chipmaker's price target to 132, from 122, following a healthy first-quarter beat reported last Tuesday. "However, with United States 10-year treasury yields topping 3% for the first time since 2014, fears have been stoked over whether we will see investors shift assets out of stocks and into bonds". The yield on the 10-year Treasury note rose to 2.99 percent from 2.98 percent. It's been climbing because investors expect greater economic growth and faster inflation. The euro fell to $1.2175 from $1.2237.

The S&P is down 35.58 points, or 1.3 percent. 3M, the maker of scotch tape and Post-it notes, saw its shares fall by 6.8 percent. Natural gas rose 0.2 percent to $2.79 per 1,000 cubic feet. Natural gas rose 1.5 percent to $2.78 per 1,000 cubic feet. Hong Kong's Hang Seng lost 0.7 percent to 30,108.64 and the Shanghai Composite in mainland China lost 0.9 percent to 3,089.21.

OVERSEAS: Germany's DAX lost 0.2 percent while the French CAC 40 added 0.1 percent and Britain's FTSE 100 rose 0.4 percent.

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