US STOCKS-Wall St ends weaker as global bond worries deepen

martes 12 de mayo de 2015 16:29 GYT
 

* AOL jumps to 15-month high on Verizon's $4.4 bln offer

* 10-yr U.S. Treasury yields slip after touching 6-month highs

* Higher global bond yields threaten corporate expansion

* Indices end lower: Dow 0.2 pct, S&P 0.29 pct, Nasdaq 0.35 pct (Updates with close)

By Noel Randewich

May 12 (Reuters) - U.S. stocks ended lower on Tuesday after a recent run-up in global bond yields unsettled investors already concerned about an eventual Federal Reserve interest rate hike.

Stocks recovered from steeper losses after Treasury yields crept back slightly from six-month highs.

The recent, unexpected leap in yields on U.S. Treasuries and German Bunds has been a thorn in the side of U.S. stock investors for several days.

"In the short term, the market is a hostage to interest rates, said Jim Awad, managing director at Plimsoll Mark Capital. "To the extent you have an increase in interest rates that the Fed doesn't control, you're getting an unwanted tightening in the financial markets."   Continuación...