From Yahoo Finance: 2024-04-16 11:10:13

Most U.S. stocks are weakening due to worries about high interest rates despite strong profit reports. The S&P 500 fell 0.3%, with the Dow Jones up 0.2% and the Nasdaq down 0.2%. UnitedHealth rose 5.3% with higher results, but Northern Trust fell 3.1%. Johnson & Johnson’s revenue missed expectations. Traders are delaying expectations for interest rate cuts as inflation and the economy remain high. Treasury yields rose following a Federal Reserve official’s speech. Donald Trump’s company’s stock fell 10.4%, as global markets dropped following Wall Street’s losses.



Read more at Yahoo Finance: Most of Wall Street slips as Treasury yields rise more