Showing posts with the label Wall Street's

US STOCKS-S&P 500, Nasdaq fall as yields spike

(For a Reuters live blog on U.S., UK and European stock markets, click LIVE/ or type LIVE/ in a news window.) * Ulta Beauty slumps as revenue forecast disappoints * Benchmark yields approach one-year highs * Three major indexes set for best week in six * Indexes: Dow up 0.48%, S&P down 0.33%, Nasdaq drops 1.25% (Adds comment, details; updates prices) March 12 (Reuters) - The S&P 500 slipped on Friday after hitting an all-time high in the prior session, as a spike in U.S. bond yields revived inflation worries and dented appetite for high-growth stocks. The tech-heavy Nasdaq tumbled 1.3% after rebounding more than 6% over the past three sessions, while the blue-chip Dow, on the other hand, hit its fifth consecutive record high. Wall Street's main indexes are set for their best week in six after one of the largest U.S. fiscal stimulus bills was signed into law and data reinforced views that the economy was on the path to a recovery. A consistent rise in U.S. bond yields has ra