Overall, retail sales dipped 0.1% last month, slightly less than the 0.3% economists polled by Reuters expected, according to the Commerce Department. Data for September was revised higher to show sales increasing 0.9% instead of the previously reported 0.7% rise.
Higher yields have often exposed weak players that took big risks. Here is a look back at six financial blowups that happened after big interest-rate increases.
A gauge of global stocks slipped on Wednesday after back-to-back gains as investors digested the latest earnings reports, while Treasury yields climbed as British inflation data hardened expectations of further interest rate rises by central banks. U.S. stocks were off their early lows on Wall Street with the S&P 500 slightly above the unchanged mark, although the tone was defensive with gains led by the utilities sector.