01:27 PM EDT, 04/30/2024 (MT Newswires) -- Energy stocks were lower Tuesday afternoon, with the NYSE Energy Sector Index falling 2.3% and the Energy Select Sector SPDR Fund (XLE) down 2.1%. The Philadelphia Oil Service Sector index was posting a 3.5% drop, and the Dow Jones US Utilities index was fractionally lower. Front-month West Texas Intermediate crude oil was declining...

01:01 PM EDT, 04/30/2024 (MT Newswires) -- US equity indexes fell and government bond yields surged Tuesday after stronger-than-expected growth in the Federal Reserve's preferred measure of wage growth in Q1. The S&P 500 fell 0.8% to 5,077.4, with the Nasdaq Composite down 0.9% to 15,842.2 and the Dow Jones Industrial Average 1% lower at 37,956.1. All the sectors were...

NEW YORK, April 30 (Reuters) - U.S. Treasury yields rose on Tuesday after data showed labor costs increased more than expected in the first quarter boosted by the rise in wages and benefits, reinforcing expectations that the Federal Reserve will delay the start of its easing cycle to later in the year. In midday trading, the benchmark 10-year yield rose...

US stock indices declined on Tuesday as US treasury yields gain ground following data. Earlier US data showed labor costs rose 1.2% in the first quarter, passing estimates of a 1% increase, and becoming the largest increase since the third quarter of 2022. US 10-year treasury yields rose by 4.5 basis points to 4.659%, while 30-year yields rose by 3...