Stocks drop, Treasury yields edge up after Fitch downgrades US
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StreetInsider.com Top Tickers, 6/12/2026
- US stocks close down as oil spikes 12%, job market weakens
- U.S. nonfarm payroll employment unexpectedly falls in February
- Oracle stock falls on report of scrapped Texas data center plans
- Kuwait cuts oil output as storage fills up
- Boeing reportedly nearing 500-aircraft deal with China ahead of Trump visit
- After-hours movers: Marvell, Samsara, GAP, Cooper Cos.
- After-hours movers: Broadcom, StubHub, Cracker Barrel, Grocery Outlet, Veeva Systems and more
- After-hours movers: Moderna, CrowdStrike, Ross Stores, Box and more
- After-hours movers: MongoDB, Credo, SoFi Technologies and more
- After-hours movers: Dell, Block, CoreWeave, Autodesk, MARA and more
BofA now in favor of a soft landing for US economy
August 2, 2023 7:55 AM UTCBofA US economist Michael Gapen told investors in a note Wednesday that it is easy to imagine a no-recession scenario, and the firm has altered its outlook for the US economy.
The analyst explained that recent incoming data has made the firm reassess its prior view that a mild recession in 2024 is the most likely outcome for the US... More
