Stock market today: World shares slide after Wall St rout driven by high yields, mixed earnings
Shares have skidded in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold
By ELAINE KURTENBACH
Published - Oct 26, 2023, 04:12 AM ET
Last Updated - Oct 26, 2023, 04:12 AM EDT
BANGKOK (AP) — Shares skidded Thursday in Europe and Asia after Wall Street tumbled as bond yields tightened their chokehold.
Germany's DAX fell 1.1% to 14,722.60 and the CAC 40 in Paris shed 0.8% to 6,860.72. Britain's FTSE 100 was down 0.7% at 7,361.04.
The future for the S&P 500 dropped 0.7% and that for the Dow Jones Industrial Average was down 0.2%. On Wednesday,
On Wednesday, the S&P 500 tumbled 1.4%, back back to where it was in May. Some of the heaviest losses hit Big Tech stocks, which dragged the Nasdaq composite to its second-worst drop of the year. It gave up 2.4%. The Dow industrials fell 0.3%.
