(Bloomberg) -- U.S. stocks fell for the first time
in four days as bond yields remained near a five-year high,
spurring concern that rising borrowing costs will crimp
corporate profits and make takeovers more expensive.
Exelon Corp. and Dominion Resources Inc. led shares of
utilities lower as higher returns on bonds make their dividends
less appealing. Wendy's International Inc., the third-biggest
hamburger chain, declined after the company reduced its profit
forecast.
Read more at Bloomberg Stocks News
in four days as bond yields remained near a five-year high,
spurring concern that rising borrowing costs will crimp
corporate profits and make takeovers more expensive.
Exelon Corp. and Dominion Resources Inc. led shares of
utilities lower as higher returns on bonds make their dividends
less appealing. Wendy's International Inc., the third-biggest
hamburger chain, declined after the company reduced its profit
forecast.
Read more at Bloomberg Stocks News
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