Investors looked ahead to Friday's jobs reports that could impact the direction of interest in the days ahead. Crude oil extended weekly losses and Treasury yields hovered near 16-year highs.
With all eyes on nonfarm payrolls data release on Friday, investors avoided taking larger positions. Crude oil prices are on track to report the largest weekly loss since mid-March.
Stocks rebounded after two weeks of selloff in tech stocks following a slight decline in U.S. Treasury yields. Crude oil prices plunged as much as 5% on demand growth worries.
Stocks edged higher after 30-year Treasury yields turned lower after briefly crossing 5%. Tech stocks rebounded following a decline in interest rates and bank stocks were in focus ahead of earnings season.
U.S. Treasury bond selloff spread to a longer dated maturities adding more downward pressure on tech stocks and broader market averages. The yield on 10-year rose to a 16-year high as investors adjust to higher-for-longer interest rate stance.
Investors shifted attention to upcoming earnings releases after lawmakers narrowly averted the federal government shutdown. Crude oil prices declined and the U.S. dollar index increased to a one-year high.
The U.S. federal government narrowly averted a shutdown after divided lawmakers passed a short -term spending plan and postponed the approval of the full-year budget.
Stocks rebounded on the final day of the week, month and the quarter after an alternative measure of inflation preferred by policymakers, which generally understates price pressures, showed a weakening trend.
Market indexes reversed early losses after the yields on Treasury notes halted the advance and hovered near the 16-year highs. The S&P 500 and the Nasdaq indexes are down 3% in the third quarter and set to close down at least 4% in the month.
Stocks resumed their slide as the yield on U.S. Treasury advanced to 16-year highs after jobless report showed persistent tight labor market conditions.
Market indexes turned lower after the U.S. Treasury yields jumped to the levels last seen in 2007 and crude oil traded at this year's high, stoking fears of a rebound in inflation.
Stocks attempted a rebound, Treasury yields edged lower and the dollar index inched higher as investors debated interest rate trajectory and the Federal Reserve's next move.
Investors shied away from stocks and U.S. Treasury yields advanced after new home sales fell at the fastest pace in eleven months in August. The potential federal government shutdown is also adding to market jitters.
