Posted 10/26/2023, 10:01:00 AM
Markets Tumble as Rates Rise and Geopolitical Tensions Flare
- Wall Street selloff snowballs as bond yields spike again and Middle East tension rises
- House elects Republican Mike Johnson as speaker, who vows to tackle national debt
- European stocks and euro drop as ECB expected to signal end to rate hikes
- China stocks defy gloom after stimulus measures, including $137 billion sovereign bond plan
- Ford reaches tentative deal with UAW for record 25% wage hike over 4.5 years
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