KONTAN.CO.ID - April 16 (Reuters) - Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient U.S. economy with persistent inflation. Federal Reserve Chair Jerome Powell said on Tuesday recent inflation data has not given policymakers enough confidence to ease credit soon, noting that the U.S. central bank may need to keep rates higher for longer than previously thought. The Dow Jones Industrial Average got a boost from UnitedHealth Group's UNH.Nbetter-than-expected quarterly results. Real estate and utilities were the biggest drags on the S&P 500, while technology gave the largest boost.
US STOCKS - Wall Street Stocks Close Lower on Higher Treasury Yields
KONTAN.CO.ID - April 16 (Reuters) - Wall Street stocks ended lower in choppy trading on Tuesday as Treasury yields climbed, with investors weighing the likely path of interest rates in a resilient U.S. economy with persistent inflation. Federal Reserve Chair Jerome Powell said on Tuesday recent inflation data has not given policymakers enough confidence to ease credit soon, noting that the U.S. central bank may need to keep rates higher for longer than previously thought. The Dow Jones Industrial Average got a boost from UnitedHealth Group's UNH.Nbetter-than-expected quarterly results. Real estate and utilities were the biggest drags on the S&P 500, while technology gave the largest boost.