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By Karen Brettell and Iain Withers NEW YORK, Aug 19 (Reuters) - Longer-dated global bond yields retreated from multi-decade highs, the dollar tumbled and gold jumped on Wednesday after the U.S.
Google's Marvell agreement deepened pressure on general-purpose accelerator companies despite retreating yields.
U.S. stocks are higher this morning after yesterday’s tech and bond selloff. The Nasdaq was up 0.2%, while the Dow Jones Industrial Average and S&P 500 rose 0.5%. Here's what is driving the markets today: Treasury buybacks: U.
Aug 19 (Reuters) - Wall Street's main indexes opened higher on Wednesday, recovering from a technology-driven slump in the previous session, as government bond yields retreated from multi-decade highs
US equity futures were mostly flat pre-bell Wednesday as traders awaited the Federal Reserve's polic
Chip stocks were flat premarket and Nasdaq futures edged higher after the sharp rise in borrowing costs added to an AI-related selloff, dragging on blue-chip indexes across Asia.
Fabrinet just served up strong quarterly results. So why did the stock get crushed?
<body><p>VIDEO SHOWS: n/a</p><p>STORY: Wall Street closed lower Tuesday with the Dow falling about a quarter of one percent, the S&P 500 slipping more than two-thirds of a percent, and the Nasdaq sliding one and a third percent. </p><p>Technology stocks dropped with semiconductors suffering the steepest declines as Middle East uncertainty pushed bond yields to multiyear peaks, feeding concerns about borrowing costs and inflation.</p><p>Gina Martin Adams, chief market strategist with HB Wealth, says she thinks bonds will remain a driving force for stocks for several months.</p><p>"I think the biggest threat to the equity market right now is the bond market, not the equity market itself. With yields rising, we have to really consider what we're willing to pay for stocks because of yields, of course, represent the discount rate for those future cash flows that equities tend to trade on. So I do think that the market is going to see its focus shift from earnings as the predominant driver of growth to potentially yields in the fall as we have limited amount of earnings information that is coming out. This could create a rockier path forward for equities, particularly relative to the very robust pace of gains that we've experienced so far this year."</p><p>Investors flocked to more defensive sectors such as healthcare and consumer staples while the rise in energy prices gave a lift to energy stocks. </p><p>Individual stocks on the move included Baidu. U.S.-listed shares of the Chinese search company plunged nearly 13% as its revenue missed estimates.</p><p>And Norwegian Cruise Line declined 3% after broker Mizuho downgraded the stock to neutral from outperform citing construction delays among other reasons.</p></body>
U.S. stocks fell as a worldwide bond selloff pushed long-term yields to their highest levels in years.
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 The 30-year U.
By Sinéad Carew and Shashwat Chauhan Aug 18 (Reuters) - Wall Street closed lower on Tuesday with semiconductors leading technology declines as Middle East uncertainty pushed bond yields to multiyear
Intel Stock Takes Another Hit as UBS Trims Price Target to $112
U.S. stocks are trading lower today. The Nasdaq is down 1.4%, the Dow Jones Industrial Average is off 0.1% and the S&P 500 is down 0.6%. Here is what is driving the markets today: Worldwide bond selloff: An accelerating bond selloff in recent days has pushed some Treasury yields to levels not seen since 2007.
Aug 18 (Reuters) - Wall Street's main indexes opened lower on Tuesday, as diminishing prospects for a peace deal between the U.S. and Iran kept oil prices elevated and government bond yields at multi-
U.S. futures slipped and chip stocks were on track to open lower, with Micron Technology and Applied Materials both down more than 3% premarket.
No matter what Kevin Warsh and the Federal Open Market Committee (FOMC) do, they won't appease everyone.
US stock futures fell on Tuesday as rising tensions between the US and Iran revived inflation concerns, with elevated oil prices adding pressure.
Aug 17 (Reuters) - The S&P 500 opened subdued on Monday as markets weighed the prospect of renewed tensions between the U.S. and Iran, while the report of a strong revenue forecast from AI lab
Tech stock coverage for the week of Aug. 17.