Stocks Weak, Dollar Gains, Yields Rise After Fed Minutes
- Barry Adams
- U.S.A. New York City
U.S. stock indexes in steady decline touched the lows just ahead of the release of the monetary policy meeting minutes. Indexes trimmed losses after the release of the Fed's plan to shrink a bloated portfolio of U.S. bonds but the Nasdaq Composite led the losers with more than 2% loss. Pre-earnings rally was on hold as the dollar advanced to a 11-month high and the U.S. 10-year yield rose to 2.6%.
Annual Returns
| Company | Ticker | 2024 | 2023 | 2022 |
|---|---|---|---|---|
| Microsoft Corporation | MSFT | 10% | 54% | -27% |
| Amazon com Inc | AMZN | 25% | 68% | -97% |
| Salesforce com Inc | CRM | -1% | 98% | -48% |
| D R Horton Inc | DHI | 18% | 76% | -21% |
| Dollar General Corporation | DG | -40% | -45% | 5% |