2021-09-25 09:50:06
Europe shares fall, Wall St pauses as Evergrande fears hover; U.S. yields rise.
European equity markets fell on Friday and major U.S. indexes were little changed as worries over fallout from debt-laden China Evergrande persisted, while U.S. bond yields pushed higher after hawkish stances from central banks.
MSCI's gauge of stocks across the globe shed 0.20% after three days of gains, leaving it little changed for the week.
On Wall Street, the Dow Jones Industrial Average fell 4.97 points, or 0.01%, to 34,759.85, the S&P 500 gained 1.89 points, or 0.04%, to 4,450.87 and the Nasdaq Composite dropped 22.91 points, or 0.15%, to 15,029.34.
Gains in S&P 500 cyclical sectors such as financials and energy countered declines for the tech and healthcare groups.
The pan-European STOXX 600 index lost 0.90% as weak German business confidence data also weighed.
Oil prices rose, with Brent up to a near three-year high, supported by global output disruptions and inventory draws.
https://dayton-holding.com/
6.2K views06:50