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Stock impact report

Fed news sends bond yields sharply lower; US stocks mixed [FOX Business Network]

Prudential Financial, Inc. (PRU) 
Last prudential financial, inc. earnings: 2/4 04:18 pm Check Earnings Report
US:NYSE Investor Relations: investor.prudential.com
Fed news sends bond yields sharply lower; US stocks mixed Image 1 of 2 ? A screen on the floor of the New York Stock Exchange shows the rate decision of the Federal Reserve, Wednesday, March 20, 2019. The Federal Reserve is leaving its key interest rate unchanged and projecting no rate hikes in 2019, dramatically underscoring its plan to be "patient" about any further increases. (AP Photo/Richard Drew) Banks led U.S. stocks mostly lower Wednesday after a brief rally sparked by the Federal Reserve's latest policy update faded. The real action centered in the bond market, where prices rose sharply, pulling Treasury yields down to the lowest levels they've seen in more than a year. Continue Reading Below The central bank said it expects no interest rate increases this year and issued a dimmer outlook on the U.S. economy. That triggered one of the biggest slides for Treasury yields in months, knocking the 10-year Treasury yield as low as 2.53 percent, down from 2.61 percent late Tuesday a Show less Read more
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