Benzinga
  • 2 months ago
Wall Street ended lower on Wednesday as rising Treasury yields pressured megacap stocks, with Nvidia, Apple, and Meta among the biggest losers. The 10-year U.S. Treasury yield hit a three-month high, leading investors to reassess the potential for future Fed rate cuts. McDonald's fell due to an E. coli outbreak linked to its burgers, while Coca-Cola declined despite reaffirming its profit growth forecast. Analysts believe market volatility could increase as the Fed and upcoming election test market resilience.
Transcript
00:00It's Benzinga, bringing Wall Street to Main Street.
00:02Wall Street ended lower on Wednesday as rising Treasury yields pressured
00:06mega cap stocks with Nvidia, Apple, and Meta among the biggest losers.
00:10The 10-year U.S. Treasury yield hit a three-month high,
00:12leading investors to reassess the potential for future Fed rate cuts.
00:16McDonald's fell due to an E. coli outbreak linked to its burgers,
00:20while Coca-Cola declined despite reaffirming its profit growth forecast.
00:24Analysts believe market volatility could increase as the Fed and upcoming election
00:28test market resilience.
00:30For all things money, visit Benzinga.com slash GSTV.

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