Business
ASX set to slide lower; Wall Street eyes bond yield threat – Sydney Morning Herald
The US stockmarket has so far digested a surge in Treasury yields, but some investors are worried that a continued ascent could prove more problematic.
The benchmark index slipped 0.2 per cent, extending its losing streak to a fourth day, after wavering between small gains and losses for most of the day. A majority of the companies in the S&P 500 rose, but losses in health care, communication services and other stocks outweighed gains by banks and industrial companies, among others.
The Dow Jones and Nasdaq composite closed essentially flat, while another strong showing by smaller companies pushed the Russell 200 index to a 2.2 per cent gain. It…
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