S&P; tumbles 3 percent as U.S. yields soar, investors shun risk [Reuters]
Prudential Financial, Inc. (PRU)
Last prudential financial, inc. earnings: 2/4 04:18 pm
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Source: Reuters
S&P; tumbles 3 percent as U.S. yields soar, investors shun risk | Reuters 5 Min Read NEW YORK (Reuters) - U.S. stocks tumbled on Wednesday, with the S&P; 500 and the Dow marking their biggest daily declines since Feb. 8, and technology stocks were at the center of the carnage as rising U.S. Treasury yields sent investors fleeing from risky assets. U.S. long-dated Treasury yields rose again in extension of a trend over the last few weeks fueled by solid U.S. economic data that reinforced expectations of multiple interest rate hikes over the next 12 months. Investors also worried about the impact of trade tensions on corporate profits and Hurricane Michael’s landfall in Florida adding to the uncertainty. The Nasdaq registered its biggest daily drop since June 24, 2016, hurt by technology stocks which had their biggest one-day drop since August 2011. The S&P; 500 ended the day down 3.3 percent, representing a 4.95 percent drop from its Sept. 20 record closing high. “It’s a bit of a blood
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PRU
Earnings
- 2/6/24 - Miss
PRU
Sec Filings
- 4/16/24 - Form 8-K
- 3/28/24 - Form ARS
- 3/28/24 - Form DEF
- PRU's page on the SEC website