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Market move● Neutral for Indian equities
US stocks can handle 5.3% treasury yield, but investors need to get selective: Drew Pettit
The brief
- Drew Pettit said US stocks can handle a 5.3% Treasury yield, but investors need to be selective
- Rising US yields can affect foreign flows into Indian equities and valuations of rate-sensitive stocks
- Wall Street falls, oil prices rise; markets brace for prolonged war
- US Stock Market Today: Dow Down 400 Points; Nasdaq, S&P In Red As Oil Jumps, Treasury Yields Hit Multi-Year Highs
- US Stocks Decline as Middle East Stalemate Pushes Oil Higher
- Prediction markets' push into US stocks raises regulatory alarm bells
- Wall Street futures fall as oil rises after Trump rejects Iran peace proposal