U.S. major averages rebounded from the morning doldrums, and Treasury yields held steady as investors grudgingly accepted higher rates, staying longer, or no landing scenario.
Investors lowered their expectations of rate cuts after manufactured goods orders and construction spending rose more than expected in February. European indexes closed down, tracking losses in New York. Markets in China, India, and Japan struggled.
U.S. stocks lacked direction, and the latest updates on the price consumption expenditures index and construction spending met market expectations. The yield on the 10-year U.S. Treasury note rose to a 3-month high, and crude oil prices approached a five-month high.
Benchmark indexes on Wall Street advanced after an alternative measure of inflation rose less than expected in February. This week, investors are looking forward to the release of the job opening report on Tuesday and the nonfarm payroll report on Friday.
Japan led the world market indexes with a surge of 20% in the first quarter after the Bank of Japan ended its negative rate regime, signaling the return of moderate inflation after three decades. Major stock averages in the U.S. advanced nearly 10%, and in Europe they jumped 9%.
The S&P 500 index is set to deliver its best quarter in five years after the artificial intelligence boom, an improving earnings outlook, and rate-cut optimism powered the market rally.
Market indexes in the U.S., Europe, Japan, and India hovered near record highs amid rising geopolitical uncertainties and worries of a rebound in inflation that could derail major central banks' plans to lower interest rates in the second half.
U.S. major averages are set to close positive for the month and the quarter amid optimism about the rate-cut and artificial intelligence application-driven boom in tech stocks.
Market indexes across the Atlantic advanced in range-bound trading, and crude oil prices traded near recent highs. Steel prices dropped to a four-month low on the persistent weakness in construction activities in China. The cocoa price continued to soar to a record high.
U.S. major averages edged higher, Treasury yields held steady, and crude oil prices inched up on rising geopolitical tensions. Cocoa prices soared to a record high on supply worries from Western Africa in above-normal dry weather conditions.
World market indexes rested in Monday's trading after a busy week of announcements from major central banks around the world. U.S. new home sales edged lower in February, but home prices stayed elevated. Crude oil advanced, but natural gas prices eased.
U.S. major averages traded down in cautious trading, the yield on Treasury notes held stable, and crude oil prices advanced amid ongoing tensions in the Middle East.
U.S. major averages rested near record levels, and benchmark indexes are set to extend weekly gains for the second week in a row. Crude oil, gold, and silver traded volatile after the yields on Treasury notes edged down.
