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The Nasdaq Composite was also flat, ending 0.01% in the green. Yields for the 10-year Treasury were lingering at their highest level since 2007, while yields for the 7-year note reached their highest level since 2009. Several factors were driving yields higher, including rising oil prices, the anticipation of more hawkish Fed policy, and weak demand at yesterday’s Treasury auction, notes Angelo Kourkafas, senior global strategist, investment strategy, at Edward Jones.
(Updates with index/price moves, macroeconomic data and company/geopolitical news from the first par
Sept 24 (Reuters) - Wall Street's main stock indexes opened lower on Thursday as simmering Middle East tensions lifted oil prices and Treasury yields, while investors also exercised caution ahead of a
BlackBerry reports fiscal second-quarter earnings per share of 7 cents from sales of $163.3 million. Wall Street was looking for 4 cents and $142.5 million, respectively.
The Fed's new approach will probably make markets a bit more turbulent if it's sustained.
Warsh’s press conference likely spilled the beans on what comes next for interest rates.
Inflation fears and rising bond yields outweighed hopes for Middle East diplomacy and for the artificial intelligence boom to continue its run.
MARKETS PM NEWSLETTER This is an edition of the Markets P.M. newsletter, a recap of the day’s most important markets moves, delivered after the closing bell. If you’re not subscribed, sign up here. What Happened in Markets Today Stock indexes dropped sharply as yields surged.
The tech-heavy Nasdaq Composite paced the day’s losses after hitting record highs in the previous two sessions, falling 308.24 points, or 1.13%, to 26936.04. The S&P 500 fell 58.61 points, or 0.75%, to 7706.03. Iranian President Masoud Pezeshkian said at the United Nations that Iran is ready for negotiations to end the conflict with the U.S. but warned that Tehran will never surrender to what he called Washington’s bullying, or give up its nuclear program.
(Updates with latest market prices and developments.) US benchmark stock indexes fell intraday an
Stock markets fell on Wednesday and oil prices rose as investors weighed the chances of a deal to end the Mideast war, after US President Donald Trump said US and Iranian representatives held "very good" talks at the United Nations.Hopes for a deal to get Gulf oil and gas flowing freely through the Strait of Hormuz as global leaders gathered for the United Nations General Assembly in New York had sent oil prices down sharply since last week.
Sept 23 (Reuters) - Wall Street's main indexes opened lower on Wednesday, pressured by rising crude prices and government bond yields as investors awaited developments from negotiations to end the
The U.S. stock market held near its record high after oil prices eased again. The Dow Jones Industrial Average dropped 0.4%, and the Nasdaq composite added 0.5% to its own record. The Nasdaq composite rose 122.18 points, or 0.5%, to 27,244.28.
A relentless tech-stock rally pushed the Nasdaq 100 Index toward its first record since June on Tuesday, extending gains fueled by bets on artificial intelligence tools from the likes of Meta Platforms Inc.
Sept 22 (Reuters) - Wall Street's main indexes opened higher on Tuesday, with the tech-heavy Nasdaq hitting an intraday record high for the first time since early June, while investors awaited
US stock futures were little changed on Tuesday following a rally in technology shares during the previous session. Investors were monitoring President Donald Trump’s upcoming address to the United Nations, comments from a Federal Reserve official on interest rates and the launch of a new artificial intelligence chip by Alibaba.
Kevin Warsh introduced a new element to the Federal Open Market Committee’s (FOMC) fight against inflation.
A rally in tech stocks led stocks to a strong start to the week. The Nasdaq Composite index gained 2.3%, its best session since early August. Investors will be looking to see whether President Trump meets with Iranian President Masoud Pezeshkian at the U.N. gathering beginning this week.
Stocks kicked off Monday's trading session in the green as investors optimistically looked to this week's United Nation General Assembly as an opportunity for an Iran resolution. The Nasdaq Composite popped 1%. "Stocks are coming off a second week of navigating multiple obstacles—high oil prices and yields, a rate hike, renewed concerns about AI risks—without suffering too much damage," Chris Larkin at E*TRADE from Morgan Stanley said.
US equity investors are expected to look out for Fed speak, purchasing managers' indexes, and Iran g
Trump’s Federal Open Market Committee (FOMC) scoldings continue to fall on deaf ears.
The Federal Reserve just raised interest rates for the first time in more than three years.
The Federal Reserve has undertaken six previous rate-hiking cycles since 1990, with each yielding highly predictable results for the stock market.
Investors are well aware of the risks, but they have simply decided none are significant enough to force them out of the market.
US equity indexes closed mixed this week after the Federal Reserve reaffirmed its commitment to cont
The Dow is down 2% this week. The Nasdaq is up. One of the indexes is reading the Fed policy wrong.