U.S. stocks advanced Friday after a shaky trading week marked by mixed retail earnings and a chorus of hawkish Fedspeak. The S&P 500 (^GSPC) rose 0.5%, while the Dow Jones Industrial Average (^DJI) bounced 200 points, or 0.6%. The technology-heavy Nasdaq Composite (^IXIC) was flat. Treasury yields continued their ascent, with the benchmark 10-year note back above 3.8% and the rate-sensitive 2-year yield inching toward 4.5%. An assembly of Fed officials on Thursday pushed back against… Source link
Read More »Google’s I/O Conference Offers Modest Vision of the Future
SAN FRANCISCO — There was a time when Google offered a wondrous vision of the future, with driverless cars, augmented-reality eyewear, unlimited storage of emails and photos, and predictive texts to complete sentences in progress. A more modest Google was on display on Wednesday as the company kicked off its annual developer’s conference. The Google of 2022 is more pragmatic and sensible — a bit more like its business-focused competitors at Microsoft than a fantasy play land for tech… Source link
Read More »Why the price of gold is heading for a ‘modest new all-time high’: Morning Brief
This article first appeared in the Morning Brief. Get the Morning Brief sent directly to your inbox every Monday to Friday by 6:30 a.m. ET. Subscribe Thursday, April 21, 2022 Today’s newsletter is by Jared Blikre, a reporter focused on the markets on Yahoo Finance. Follow him @SPYJared Last week, I got the call. A dear relative living on a pension who’s facing soaring prices for food, gas, and medicine — along with everything else — asked me how to buy gold. Whether one considers gold a… Source link
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