Global markets were in a holding pattern, and investors awaited U.S. inflation updates. The Eurozone is facing a slower-than-expected rebound in economic growth and a higher-than-expected rebound in inflation. China revved up cross-strait tensions ahead of the Taiwan elections.
Stocks hugged flatline and Treasury yields held near recent levels ahead of the release of inflation reports over the next two days. Banks were also in focus ahead of the start of the earnings season on Friday.
Global markets edged lower in the U.S. and Europe, and Treasury yields edged slightly higher ahead of the release of inflation data. The U.S. trade deficit narrowed, German industrial output fell, and UK retail sales growth eased.
Market indexes pulled back on Wall Street a day after a sharp rally, and Treasury yields retained an upward bias. Crude oil prices rebounded, and the U.S. dollar lacked direction.
Benchmark indexes on Wall Street advanced, and tech stocks led the gainers. Crude oil prices dropped as much as 5% after Saudi Arabia announced a price cut amid rising U.S. crude oil production.
Benchmark indexes on Wall Street struggled to advance following a down week. Banks were in focus ahead of the release of earnings later in the week. Boeing and Spirit AeroSystems faced additional scrutiny from investors after a fuselage part blew off midair on an Alaska Air flight on Friday.
Stocks traded volatile after the U.S. economy added more-than-expected jobs in December. The unemployment rate was steady, but wage gains were inconsistent with the Fed's outlook. The 10-year Treasury yield crossed 4%.
Stocks on Wall Street attempted to advance in choppy trading, and investors reassessed rate-cut optimism and the economic outlook. The yield on Treasury bonds edged higher. Crude oil advanced on the rising prospects of a wider war in the Middle East.
Stocks on Wall Street attempted to rebound after two losing sessions in a row this week. Crude oil prices were volatile due to fears of a wider conflict in the Middle East involving Iran.
Tech stocks declined for the second day in a row, and the yield on 10-year Treasury notes hovered near 4%. The number of job openings edged slightly lower in November, and factory activities continued to shrink for the 14th consecutive month.
Stocks turned lower after investors dialed back their enthusiasm for a rate cut amid economic uncertainties. The yield on 10-year Treasury notes approached 4%.
U.S. stocks struggled on the first trading day of the year, and tech stocks were among the leading decliners. Crude oil traded volatile amid rising tensions in the Middle East and growing supplies in the global market.
Weakness in tech stocks dragged market indexes down on the first day of the new year. Oil prices gained amid persistent security issues in the Red Sea, raising supply disruption worries.
The S&P 500 index and the Nasdaq Composite soared in 2023 after inflation cooled and the U.S. economy avoided the widely forecasted recession amid rising prospects of rate cuts in 2024.
The S&P 500 index traded near a record high and attempted to surpass its previous high in January 2022. The three widely followed benchmark indexes are set to extend their weekly gains for the ninth consecutive week.
