Federal Reserve to propose slashing debit card swipe fees - WSJ
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US 10-Year Yield Extends Gain, 4.91%
October 25, 2023 10:01 AM EDTUS 10-Year Yield Extends Gain, 4.91%
... MoreNew Home Sales (Sep) 759K vs 680K Expected
October 25, 2023 10:00 AM EDTNew Home Sales (Sep) 759K vs 680K Expected
... MoreMBA Mortgage Applications -1% vs -6.9% Prior
October 25, 2023 7:00 AM EDTMBA Mortgage Applications -1% vs -6.9% Prior
... MoreS&P 500, Nasdaq end sharply lower as Alphabet disappoints, Treasury yields bounce
October 25, 2023 6:07 AM EDTBy Stephen Culp
NEW YORK (Reuters) - U.S. stocks tumbled in a broad sell-off on Wednesday as Alphabet shares slid after the Google parent posted disappointing earnings and as U.S. Treasury yields rose, reviving fears that interest rates could stay higher for longer.
The benchmark S&P 500 index notched its fifth daily decline in six to close below the closely watched 4,200 level. The Nasdaq Composite slumped to its biggest single-session percentage drop since Feb. 21, with interest rate sensitive megacaps weighing heavily the tech-laden index.
The Dow Jones Industrial Average finished modestly lower.
The Philadelphia SE... More
Global S&P Futures lower in premarket
October 25, 2023 4:54 AM EDTGlobal S&P Futures lower in premarket, Nikkei mixed, DAX mixed, WTI Crude oil recently at $86, natural gas mixed, gold at $1985
... MoreRichmond Fed Manf. Index (Oct) 3 vs 3 Expected
October 24, 2023 9:59 AM EDTRichmond Fed Manf. Index (Oct) 3 vs 3 Expected
... MoreUBS sees peak in yields
October 24, 2023 9:51 AM EDTUBS Global Wealth Management Chief Investment Officer, Solita Marcelli, believes we are close to the peak in yields after the 10-year US Treasury yield rose above 5% for the first time in 16 years on Monday before retreating.
Yesterday's move lower in yields was attributed to news that noted investors Bill Ackman of Pershing Square Capital Management and PIMCO co-founder Bill Gross shifted their bearish bets on bonds. Ackman said his firm covered their bond short as "[t]here is too much risk in the world to remain short bonds at current long-term rates." He added that the economy is... More
