Wall Street up, Treasuries surge as investors eye earnings, global growth – Reuters
- Date: 19-Apr-2022
- Source: Reuters
- Sector:Financial Markets
- Country:Middle East
Wall Street up, Treasuries surge as investors eye earnings, global growth – Reuters
WASHINGTON, April 18 (Reuters) - Wall Street opened higher Monday while U.S. Treasury yields hit three-year highs as investors eyed corporate earnings and what Russia's invasion of Ukraine could mean for global growth.
A significant cut to global growth expectations from the World Bank, paired with March weakness in China's latest economic numbers injected some pessimism into U.S. markets, which opened Monday following a holiday-shortened previous week.
Corporate earnings are also expected to grab investors' attention this week, with several major firms reporting quarterly numbers. Bank of America (BAC.N) kicked off the week by reporting stronger first-quarter profits than expected. read more