US Stocks, Bonds Fall as Dollar Rises
The United States stocks fell in thin trading, while Treasuries also declined as investors weighed concerns about global growth against potential progress in trade talks.
The S&P 500 headed for its first decline in four sessions after economic data in both Europe and US came in below expectations, reigniting worries about the world economy, Bloomberg reported.
Facebook contributed the most to the benchmark’s slide. Health-care stocks were pulled down as Johnson & Johnson dropped after the company said it received subpoenas from federal prosecutors tied to its talc baby-powder products.
The 10-year Treasury yield rose above 2.68 per cent, and the dollar gained against major currencies amid reports signaling uneven progress in trade talks between the US and China as a March 1 deadline for more tariffs approaches.