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Damn posted wrong aticle

U.S. stocks end red as weak 30-year Treasury auction sends yields higher

Oct 13, 202307:10 GMT+11

SPX−0.62%S5MATR−1.52%S5INFT+0.10%SPN+0.09%
KEY POINTS:

• Three major indexes end red: Nasdaq off most, down ~0.6%
• Materials weakest S&P 500 sector; tech, energy edge higher
• Dollar rallies; gold dips; crude, bitcoin ~flat
• U.S. 10-Year Treasury yield pops to ~4.71%

U.S. STOCKS END RED AS WEAK 30-YEAR TREASURY AUCTION SENDS YIELDS HIGHER (1600 EDT/2000 GMT)
U.S. stocks ended lower on Thursday after weak demand for a $20 billion sale of 30-year U.S. Treasury bonds sent Treasury yields higher, and dented demand for riskier assets.
Stock investors have been sensitive to moves in the Treasury market on concerns that higher yields will hurt consumer lending, housing demand and other interest rate sensitive parts of the economy.
It comes before banks will kick off U.S. earnings season where on the whole the sector is expected to report earnings challenges as a result of higher rates.
Consumer price inflation data earlier on Thursday maintained expectations that the Fed will keep rates unchanged when it concludes its two-day meeting on Nov. 1. It showed that consumer prices rose more than anticipated in September, though underlying inflation pressures moderated.
Most S&P 500 SPX sectors ended in the red. Materials S5MATR was the worst performing group. Only info tech S5INFT and energy SPN were able to eke out minor gains for the day.
Chip stocks SOX ended in positive territory.