Stocks Retain Upward Bias as Bond Yields Rise
- Mukesh Buch
- U.S.A. New York City
Investors bid up stocks on the first day of April and second quarter after facing worst return in the previous quarter in two years. A decline in oil price below $100 a barrel and a sustained recovery in the job market also helped the sentiment. 2-year at 2.448% closed above 10-year bond yield. Energy stocks were on the defensive after leading other sectors in the first quarter with 33% surge.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| General Motors Company | GM | 55% | -7% | -35% |
| Toyota Motor Corp Ltd Ord | TM | -3% | 27% | -23% |
| Ford Motor Company | F | -8% | -9% | -35% |
| Apple Inc | AAPL | 33% | 43% | -24% |
| Deere & Company | DE | 12% | -8% | 28% |