* Futures down: Dow 0.76%, S&P 0.84%, Nasdaq 1.02% The Dow and S&P futures fell for the seventh time in eight sessions on Thursday as investors worried about a global downturn from aggressive rate hikes by central banks and weighed the risk of a potential contagion from a turmoil in UK markets.
Soaring interest rates are providing investors with attractive alternatives to stocks, complicating the picture for equities in an already-vicious year. For years, investors could easily justify a preference for stocks because other assets offered paltry returns as the Federal Reserve kept rates at historic lows, giving rise to the acronym "TINA," or "there is no alternative."
* Apple drops on concerns about iPhone demand. * Treasury prices rebound after BoE decision. * Biogen soars on landmark Alzheimer's data. By Noel Randewich and Shreyashi Sanyal. Sept 28 - Wall Street ended sharply higher on Wednesday following its recent sell-off, helped by falling Treasury yields, while Apple dropped on concerns about demand for iPhones.
* Apple drops on move to drop iPhone production boost. * Treasury prices rebound after BoE decision. * Biogen soars on landmark Alzheimer's data. * Indexes: Dow +1.50%, S&P 500 +1.48%, Nasdaq +1.33% By Noel Randewich and Shreyashi Sanyal.
* Apple (AAPL) down 2.83% on move to drop iPhone production boost. * U.S. 10-yr Treasury yields ease from 12-year highs. * Biogen soars on landmark Alzheimer's data. * Indexes up: Dow 1.55%, S&P 1.65%, Nasdaq 1.57% By Shreyashi Sanyal and Ankika Biswas.
* U.S. stocks rebound Wednesday after hitting new lows Tuesday. * UK gilts roar higher as Bank of England intervenes. * U.S. dollar pauses record gains. * Oil prices up on Hurricane Ian cuts. By Lawrence Delevingne and Amanda Cooper.
* U.S. stocks little changed after hitting new lows Tuesday. * Global stocks pare some losses, UK gilts roar higher. * Bank of England says will step into the bond market. * Oil prices up on Hurricane Ian cuts. By Lawrence Delevingne and Amanda Cooper.
A look at the day ahead in U.S. and global markets from Mike Dolan. As the final quarter of an unremittingly dire year for world markets hoves into view, stocks and bonds have now cratered to new lows as central banks keep talking tough and debt strains mount across major economies.
- Wall Street rebounded strongly on Wednesday following its recent sell-off, helped by easing Treasury yields, while Apple dropped on concerns about demand for iPhones. The gains came after the S&P 500 on Tuesday closed at its lowest since late 2020, dragging U.S. stocks further into bear market territory.
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