Dow Jones, Nasdaq and S&P 500 all fall on Wednesday. Talks to raise US debt ceiling continue, but with little progress.
The yield on 10-year US government bonds stood at 3.74%, up from 3.69% the previous day. The minutes of the last meeting of the US central bank, published on Wednesday, confirms that its members are in favor of keeping rates high in the medium term. The environment of high interest rates is, indeed, negative for the equity market, which until recently hoped for a monetary shift.