The stock market has been struggling under the weight of the bond market, where the yield on the 10-year Treasury briefly topped 5% late Thursday for the first time since 2007.
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Posted inBusiness
Wall Street’s rally fades after Tesla and Netflix fall
Tesla and Netflix are 2 of the first huge tech-oriented companies to report their profits for the spring, and a lot is riding on the results.
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Posted inBusiness
Wall Street climbs again to tack more onto its big rally for the year
Markets closed modestly higher following profit reports from a spate of banks and other big U.S. companies.
Posted inBusiness, Nation & World
Wall Street gets a late push ahead of inflation data; Activision Blizzard jumps
Much of Wall Street’s gains for the day came at the end of trading, with about a third of the S&P 500’s rise happening in the final 20 minutes.
Posted inBusiness, Nation & World
Stock market today: Wall Street drifts lower as markets worldwide pull back
The U.S. economy, meanwhile, has remained stronger than many investors feared.
Posted inBusiness
Stocks rise and bond yields jump after the latest signs of a resilient economy
Yields jumped in the bond market after data showed the U.S. economy grew at a 2% annual rate in the first three months of the year, much stronger than the 1.3% rate earlier estimated.
Posted inBusiness
Wall Street’s best week since March comes to quiet close
A closely watched survey suggests consumers are paring back their expectations for upcoming inflation.
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S&P 500 hits highest level in over year
The U.S. stock market is cruising on hopes the economy may avoid a recession and the Fed may soon take it easier on its hikes.
Posted inBusiness, Nation & World, News
Wall Street leaps, nearly escapes bear market
Traders are largely expecting the Fed to hold interest rates steady at its next meeting in 2 weeks.
Posted inBusiness, Nation & World, News, Politics
What it would mean for the global economy if the U.S. defaults on its debt
A default could shatter the $24 trillion market for Treasury debt, cause financial markets to freeze up and ignite an international crisis.