U.S. Daily Market Review 9.10.19

Stocks are into a falling mode as most traders and investors optimism around the upcoming U.S.-China trade talks faded.

There is a report the Trump administration was moving ahead with efforts to limit capital flows into China.

The Dow Jones Industrial Average slipped 243 points or 0.9%.

The S&P 500 dropped 1.1% along with the Nasdaq Composite. Bank shares slipped with Citigroup, Bank of America and J.P. Morgan Chase slid more than 1.5% each as rates tumbled.

The benchmark 10-year Treasury yield traded at 1.51%. U.S. producer prices unexpectedly lost in September, resulting into the smallest year surge in nearly three years.

The Fed rates reductions in September after reducing borrowing costs in July for the first time since 2008.

U.S. government debt prices jumped on Tuesday as investors monitored U.S.-China trade talks and awaited Treasury auctions.

At around 8:10 a.m. ET, the yield on the benchmark 10-year Treasury note traded at 1.527% while the 30-year Treasury bond rate sunk to 2.025%.


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