(Bloomberg) -- Most U.S. stocks fell after signs of a
rebound in housing and manufacturing dimmed expectations for an
interest-rate cut and technology companies forecast lower-than-
expected results.
Utilities declined the most among 10 industry groups after
bond yields climbed and traders reduced bets the Federal Reserve
will lower borrowing costs this year. Government reports showed
the two weakest parts of the economy are growing after sales of
new homes jumped the most in 14 years and orders for durable
goods gained for a third straight month.
Read more at Bloomberg Stocks News
rebound in housing and manufacturing dimmed expectations for an
interest-rate cut and technology companies forecast lower-than-
expected results.
Utilities declined the most among 10 industry groups after
bond yields climbed and traders reduced bets the Federal Reserve
will lower borrowing costs this year. Government reports showed
the two weakest parts of the economy are growing after sales of
new homes jumped the most in 14 years and orders for durable
goods gained for a third straight month.
Read more at Bloomberg Stocks News
No comments:
Post a Comment