U.S. stocks tumbled early Friday as the government’s key employment reading showed the labor market grew at a slower pace in September. The U.S. economy added 263,000 jobs last month as the unemployment rate fell to 3.5%. Economists expected a payroll gain of 255,000 and for unemployment to hold at 3.7%. Futures tied to the S&P 500 (^GSPC) dropped 0.7%, while futures on the Dow Jones Industrial Average (^DJI) shed more than 100 points, or 0.4%. Nasdaq Composite (^IXIC) futures led the way… Source link
Read More »Stock fall as bond yields push higher
U.S. stocks extended losses early Thursday as bond yields charged forward. The moves followed data on the labor market that disappointed before the open and confirmation from the European Central Bank of its intention to raise interest rates next month. The S&P 500, Dow Jones Industrial Average, and Nasdaq each fell roughly 0.5% at the start of trading. Weekly filings for unemployment insurance totaled 229,000 last week, the most since January, and a sign of potential stress building in the… Source link
Read More »Jim Cramer says oil is the ‘only dip that can be bought right now’ — here are 3 blue-chip energy stocks that also provide healthy yields as high as 7.8%
Jim Cramer says oil is the ‘only dip that can be bought right now’ — here are 3 blue-chip energy stocks that also provide healthy yields as high as 7.8% With the market down double-digits in 2022, a lot of stocks seem to be on sale. But not all of the beaten-down names are worth buying at the moment, according to CNBC’s Jim Cramer. “I want to be kind to this market and tell you it’s the same old buy the dips game plan. But in reality, the only dip that can be bought right now, at… Source link
Read More »Stock futures drop, Treasury yields spike as traders await inflation, earnings data
U.S. stock futures pointed to a lower open Monday morning as investors looked ahead to the start of corporate earnings season this week and a bevy of new economic data as the Federal Reserve prepares to accelerate its moves to counter inflation. Contracts on the S&P 500 declined and added to last week’s losses. Nasdaq futures dropped as technology stocks came under renewed pressure. Treasury yields climbed, and the benchmark 10-year yield rose above 2.7% to reach the highest level since… Source link
Read More »What Gandalf, capped bond yields have in common: 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, February 10, 2022 ‘The Lord of the Rings’ wizard has nothing on yields that refuse to pass 2% Bond yields have been on the march, testing their highest levels since before the onset of COVID-19, just as the Federal Reserve embarks on a rate hike campaign to tame inflation. Yet with data Thursday morning expected to show the highest U.S…. Source link
Read More »Stocks, Futures Fall as Treasury Yields Surge: Markets Wrap
(Bloomberg) — Most stocks fell Tuesday amid a jump in global bond yields as investors girded for the removal of central bank support to quell high inflation. Most Read from Bloomberg Europe’s Stoxx 600 Index declined, with energy the only sector to advance. U.S. equity futures slipped before the market reopens later from a holiday. Asian shares struggled. Treasuries dropped across the curve, pushing two-year and 10-year yields up to levels last seen before the pandemic roiled markets. Even… Source link
Read More »Barclays is betting these 3 dividend stocks will beat the S&P 500 — if you’re looking for income, snag yields as high as 10.3%
Barclays is betting these 3 dividend stocks will beat the S&P 500 — if you’re looking for income, snag yields as high as 10.3% In the current market frenzy, with rabid investors chasing after the hottest tickers, dividend stocks often get ignored. But a steadily growing stream of dividends will help anyone sleep better at night. And besides, with savings accounts paying next to nothing these days, who wouldn’t want a better way to earn passive income? Recent studies prove once again that… Source link
Read More »Asia Stocks, U.S. Futures Fall as Bond Yields Jump: Markets Wrap
(Bloomberg) — Most Asian stocks and U.S. futures slid Monday as surging energy prices cemented worries about inflation, sending bond yields higher. Most Read from Bloomberg MSCI Inc.’s gauge of Asia Pacific shares was on track for its first decline in four sessions as equities dropped in Japan, Hong Kong and China. U.S. contracts dipped after American stocks advanced on Friday, with the S&P 500 chalking its best week since July as earnings buoyed sentiment. Bond yields in New Zealand and… Source link
Read More »Amazon Turns Negative for 2021 as Higher Yields Add to Pressure
(Bloomberg) — Amazon.com Inc. shares fell sharply on Monday, taking the e-commerce giant into negative territory for the year, as a sustained rise in Treasury yields is hurting the earnings outlook for companies with high valuations. Most Read from Bloomberg Amazon shares fell as much as 2.5% on Monday and were on track for a sixth straight negative session, the longest such streak for Amazon since an eight-day drop that ended in August 2019. With the decline, the stock is now down 1.4% for… Source link
Read More »Stock futures drop, Nasdaq sinks as Treasury yields climb
Stock futures sank Tuesday morning, with technology stocks leading the way lower as investors nervously eyed a swift rise in U.S. Treasury yields. Futures on the Nasdaq, a proxy for technology and growth stocks, underperformed against the other two major stock indexes, dropping 1.5% ahead of the opening bell. The rapid rotation away from growth and technology stocks came as Treasury yields added to recent gains. The yield on the benchmark 10-year note jumped more than 5 basis points to top… Source link
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