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GE, Energy Shares Drag Wall Street Lower; Bond Proxies Rise

2017-11-15 0 Dailymotion

GE, Energy Shares Drag Wall Street Lower; Bond Proxies Rise<br />NEW YORK — U. S. stock indexes fell on Tuesday as General Electric shares plunged<br />for a second straight day and a drop in crude oil prices hit energy stocks.<br />Stocks favored by investors seeking yield, the so-called bond proxies, were the best performers as the yield curve, or the gap between short-<br />and long-term U. S. government bond yields, remained near its flattest in a decade.<br />Paul Zemsky said that People are looking for yield across the globe so potentially there’s foreign flows going into bond proxies,

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