Finance
The Dow plunged nearly 400 points on Monday while Treasury yields rose, as traders tamped down bets for Federal Reserve interest-rate easing and worried about the Middle East conflict’s impact on oil prices. The Dow Jones Industrial Average, which had plunged more than 500 points earlier Monday, dropped 398.51 points, or 0.9%, to 41,954.24. The blue-chip…
Dow Jones futures edged higher after hours, along with S&P 500 futures and Nasdaq futures, ahead of key China stimulus plans The stock market rally fell back Monday as the 10-year Treasury yield moved above 4%. ↑ X NOW PLAYING Stocks Slump As Rates Rise Again; Flowserve, ROAD, Allstate In Focus Nvidia (NVDA) rose solidly,…
All three major U.S. indexes fell Monday as Treasury yields hit their highest levels since the summer and oil prices continued to climb amid Middle East tensions. Yields continued to surge as Friday’s blockbuster jobs report has many questioning how slow the Federal Reserve will go with further rate cuts this year—or if it may…
Amazon (AMZN) stock closed 3% lower Monday as Wells Fargo (WFC) analysts downgraded shares, noting that the company’s strength in the cloud services market won’t be enough to stave off other hurdles to its profit margins. Wells Fargo analyst Ken Gawrelski downgraded the stock from Overweight to Equal Weight and lowered his price target for…
Topline Stocks tumbled Monday as the market digested new risks complicating the benefits of the much-awaited interest rate cuts on the equity market. Traders work the floor of the New York Stock Exchange. AFP via Getty Images Key Facts The Dow Jones Industrial Average fell 0.9%, or 398 points, while the benchmark S&P 500 and…
US stocks slipped on Monday afternoon as the 10-year Treasury yield (^TNX) jumped past 4% for the first time since August ahead of a week of key inflation data and the start of earnings season. The Dow Jones Industrial Average (^DJI) fell 1.2%, around 400 points, after notching a fresh record high as stocks soared…
US stocks are clicking on all cylinders, which led Goldman Sachs to lift its S&P 500 target again. The top investment bank now expects the index to reach the 6,000 mark by year end. Here are 25 companies set for outstanding earnings growth in 2025. Thanks for signing up! Access your favorite topics in a…
Every weekday the CNBC Investing Club with Jim Cramer holds a “Morning Meeting” livestream at 10:20 a.m. ET. Here’s a recap of Monday’s key moments. 1. Wall Street is lower to start the second week of October trading, giving back some of Friday’s gains spurred by the stronger-than-expected September jobs report. A trio of developments…
Goldman Sachs hikes its 2024 year-end price target for the S&P 500 (^GSPC) to 6,000 as strategists consider third quarter earnings growth expected out of select sectors. Yahoo Finance anchor Madison Mills joins the Morning Brief to break down Goldman Sachs’ latest note on its S&P 500 target. For more expert insight and the latest…
New York CNN — A key borrowing rate for American consumers has jumped to a level not seen in months. The yield on the benchmark 10-year US Treasury note breached 4% on Monday for the first time since August. The yield reached as high as 4.029% during the day, according to Tradeweb. That is extending…