Asset Management

Wall Street sell-off after rising bond yields hits FTSE

Losses for commodity and industrial stocks led the UK index dow

Wall Street sell-off after rising bond yields hits FTSE

UK stocks dropped Wednesday, with the blue-chip market’s run of wins at risk after elevated US bond yields triggered a selloff on Wall Street, MarketWatchreports.

How markets are performing The FTSE 100 fell 0.5% to 7,388.53, led by losses for commodity and industrial stocks, but health care and consumer goods shares were higher. The London benchmark on Tuesday rose 0.4% to log its sixth consecutive gain, the longest winning streak since mid-May 2017, according to FactSet data. Tuesday’s close also marked the index’s first close above 7,400 since early February.

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