Posted 10/20/2023, 8:20:03 PM
Stocks Sink as Treasury Yields Climb, Earnings Disappoint Amid Israel-Hamas Conflict and Inflation Worries
- US stocks tumble as 10-year Treasury yield nears 5% following hawkish Fed comments
- Earnings failing to lift markets despite strong reports as bond yields weigh
- Israel-Hamas conflict risks widening to regional war, with implications for oil prices
- Inflation expectations key for Fed as it aims to anchor prices through communications
- Solar stocks plunge following earnings miss and guidance cut from SolarEdge