Stocks tumble on growth concerns, bond yields slip

Published by
Reuters UK

By Herbert Lash and Lawrence White NEW YORK/LONDON (Reuters) -Shares slid worldwide on Tuesday as supply chain woes and surging costs hurt corporate earnings and manufacturing output slowed, while Treasury yields dipped as the weakness in equities revived a safe-haven bid for U.S. government debt. The stock market’s two-day relief rally ended as investors worried about slowing economies. Corporate profit margins have been squeezed, with soaring inflation forcing consumers to cut discretionary spending. U.S. and euro zone business activity slowed in May. S&P Global attributed the decline in its…

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