Market sentiment improved after a week of volatile trading, and bargain hunters returned to pick stocks in the tech sector. Investors are widely anticipating the Federal Reserve holding key lending rates steady at the end of the policy meeting on Wednesday.
The S&P 500 index and the Nasdaq Composite advanced more than 1% after bargain hunters returned. On Wednesday, the Federal Reserve is widely expected to leave rates unchanged after the policy meeting.
Stock market indexes rebounded, and tech stocks led gainers on Wall Street after Amazon and Intel reported better-than-expected earnings. The latest inflation report showed little progress, keeping market enthusiasm in check.
Benchmark indexes were under pressure after the latest GDP report supported the case for higher-for-longer rates. The prospect of higher interest rates knocked high-growth and tech stocks down for the third day in a row.
The Nasdaq Composite extended losses and dipped in the bear territory after Meta Platforms earnings fell short of some investors' expectations, compounding growth worries in the sector. Treasury yields remained elevated after the U.S. economy expanded at a faster pace in the third quarter.
Market indexes accelerated losses after Treasury yields turned higher on interest rate uncertainties and the growing prospects of the U.S. federal government shutdown in three weeks.
Benchmark indexes declined after Google stock dropped as much as 8% and dragged down Amazon and Apple. Total mortgage application volume stalled, and new home sales rose to a 19-month high.
Benchmark indexes advanced on earnings optimism, stable Treasury yields, and a decline in crude oil prices. Microsoft and Alphabet were in focus ahead of earnings releases.
Benchmark indexes rebounded from morning losses, and Treasury yields edged lower as the much-feared slowdown in the U.S. economy appears less likely to materialize.
Benchmark indexes struggled to advance after Treasury yields edged higher and the yield on 10-year Treasury note crossed 5% after the U.S. federal budget deficit soared in the latest fiscal year.
Investors recalibrated interest rate expectations and abandoned the prospect of lower rates in the fourth quarter, setting the stage for more weakness in high-growth stocks and benchmark indexes.
U.S. Treasury yields advanced and stocks skidded after Fed Chairman Powell suggested that higher rates may be necessary to weaken inflation to the target level.
Stock market indexes struggled to advance after U.S. Treasury yields retained an upward bias and hovered near 16-year highs ahead of comments from the Fed Chairman Powell.
Market averages accelerated their declines on the interest rate uncertainties and the prospect of a wider conflict in the Middle East. Rising energy prices contributed to market jitters as the 10-year U.S. Treasury yield advanced to a 16-year high.
