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.
Stocks on Wall Street advanced and benchmark indexes hovered near their recent highs as investors remained optimistic about possible rate cuts in early 2024. The euro traded at a five-month high, and gold hovered near its recent high after the dollar index drifted lower.
U.S. market indexes extended their gains in thin trading, and crude oil advanced amid elevated tensions in the Red Sea. The dollar index drifted lower to a five-month low in the hopes of a rate cut in early 2024.
U.S. benchmark indexes attempted to extend the rally to the eighth week, and Treasury yields hovered near recent lows. Bristol Myers agreed to acquire Karuna Therapeutics and expand its portfolio of neuroscience-related products.
U.S. stocks rebounded and Treasury yields hovered near 5-month lows after weekly jobless claims indicated tight labor market conditions. Crude oil prices dropped after the U.S. daily production surged to a new record high and Angola announced its plan to leave OPEC+.
The GDP growth for the third quarter was revised down slightly, but it was still much higher than for the second. Weekly jobless claims were nearly unchanged from the previous week, suggesting tight labor market conditions.
Stocks continued to advance and benchmark indexes flirted near record highs. Existing home sales expanded in November, ending the decline of five consecutive months and median home price advanced for the fifth month in a row.
Stocks struggled in early trading, and market indexes turned lower as investors reassessed the economic outlook and rate path. Treasury yields drifted lower, and crude oil prices rose to a two-week high on the rising tensions in the Red Sea.
