US stocks hovered near record highs on Friday, with the Nasdaq slipping as post-election euphoria ebbed and China’s latest stimulus plan fell flat. The S&P 500 (^GSPC) rose 0.3%, while the tech-heavy Nasdaq Composite (^IXIC) dropped roughly 0.1%. The Dow Jones Industrial Average (^DJI) rose slightly. Stocks are trending toward a downbeat end to a…
US stocks edged up before the bell on Friday as Treasury yields tipped lower, but with markets still on track for weekly losses with earnings season well underway. S&P 500 futures () rose roughly 0.2%, after the benchmark snapped a three-day losing streak as Tesla (TSLA) soared post-earnings. Dow Jones Industrial Average futures () added…
The Dow Jones Industrial Average has fallen for the third night in a row by 292 points or 0.7 % because of upbeat Treasury yields and persistent high interest rates. The S&P 500 and Nasdaq Composite also retreated and pulled back 0.6% and 1%, respectively, all of which are extending losses into their third day…
The 10-year Treasury yield leaps higher … Chinese stocks surge then collapse … the war over automation isn’t over … watch Tesla’s “We, Robot” event tomorrow With the Fed now in rate-cutting mode, why are Treasury yields racing higher? As you’re aware, the Federal Reserve cut its target interest rate by 50 basis points on…
STORY: U.S. stocks closed lower Monday while Treasury yields rose, as traders lowered bets for another half a percentage point interest rate cut from the Federal Reserve. Meanwhile, worries over an escalation of the conflict in the Middle East also weighed on markets. The Dow and S&P 500 dropped nearly one percent each while the…
(Reuters) – A look at the day ahead in Asian markets. A short-lived conviction that the Fed would stick to a dovish path evaporated after Friday’s bet-busting payrolls number, with Treasury yields on Monday backing up above 4% and traders introducing a small chance that November might not yield a rate cut at all. The…
The reverberations from a blowout US employment number could threaten an assortment of trades predicated on falling interest rates, if stronger-than-expected growth spurs investors to radically shift views on how much the Federal Reserve will need to cut borrowing costs in the months ahead. Expectations of steep rate cuts spurred bets on everything from rising…
(Bloomberg) — US stocks and bonds wavered on Monday as traders awaited remarks from the Federal Reserve Chair later in the session. S&P 500 was little changed with declines in Amazon.com Inc. and Nvidia Corp. weighing on the benchmark index. Despite Monday’s weakness, a record-setting rally has put the equities gauge on track for its…
A look at the day ahead in European and global markets from Kevin Buckland European traders who went to bed thinking a quarter-point Fed rate cut was a lock for next week may well have had a rude awakening on this Friday the 13th, with the odds for a super-sized half-point reduction back at nearly…