Stocks extended gains for the fifth day in a row and market averages trimmed losses after volatile trading in August. Energy and tech stocks were in focus after crude oil prices edged up 2% and Treasury yields shot up.
Market averages advanced for the fifth session in a row as tech continued to lead gainers. An alternative measure of inflation preferred by the Federal Reserve which understates inflation stayed stubbornly high in July.
European markets trimmed losses in August on the final day of trading this month and investors overlooked stubborn inflation data. The Euro Area inflation held steady in August but core inflation eased.
Popular averages advanced and Treasury yields edged lower after investors reacted to second quarter economic growth rate revision and weak private sector jobs report.
Stocks traded higher in a volatile pattern and bond yields edged near recent highs. Global markets advanced and tech stocks led gainers in New York and Asia and financials in Europe.
Market averages traded higher on Monday after popular indexes halted 3-week long slide in the previous week. Investors pinned hopes on China stimulus and commodities and energy prices drifted higher.
Major averages turned higher and bond yields held near 16-year highs as investors debated prospects of higher rates after Fed Chairman Jerome Powell's speech.
U.S. market averages turned lower after investors shifted focus to the upcoming comments from the Fed Chair Jerome Powell, Tech stocks tumbled and Nvidia's quarterly results surpassed most optimistic expectations.
Market rally powered by the expectations of strong quarterly results fizzled after the chipmaker Nvidia reported a surge in sales and earnings fueled by demand for its Ai-processors. Investors shifted attention to Fed Chair Powell's comments on Friday.
Market averages on Wall Street closed higher after a narrow rally in tech stocks powered the advance. New home sales jumped after buyers struggled to find existing homes. U.S. Treasury yields eased after touching 16-year highs.
Stocks struggled and Treasury yields traded near 16-year high as investors shift focus to macroeconomic headwinds from rising rates and its impact on the banking sector.
