Equites edged higher as investors bought the early-day weakness after weighing up a more cautious tone rate hike from Federal Reserve officials and rising geopolitical tensions amid fears the Israel-Hamas conflict.
Equites jobs report on Friday sparked a delayed rally on Wall Street as the data revealed a strong economy with moderating inflation that helped set aside fears of higher interest rates that caused bond yields to soar
Equites finished mixed overnight leading into key employment numbers as the market took a breather from this week’s unhinged indecisiveness.
Oil prices have taken a hit amidst global financial market unrest, with recent data amplifying concerns about crude and gasoline demand.
The DOW turned negative for the year as data showing surprise strength in the labor market,
Equites gave back initial gains from the US govt averting a shutdown until Treasury yields were pushed higher by growing expectations for another Federal Reserve interest rate hike
Equites bounced overnight as investors bought the dip after recent weakness in tech stocks just as the rally in Treasury yields paused ahead of key inflation data tonight .
Equites ended mixed as the DOW was weighed down by new highs in long term treasuries, while the growth focused Nasdaq defied the elephant in the room, yet again, to finish slightly higher.
Equites closed at their lowest level since June (March for the Dow), as weaker consumer confidence data fueled worry about the economy just as consumers face higher for longer interest rates and inflation that could rein in spending.
Equites edged slightly higher as Amazon fueled a rise in tech and a jump in energy stocks helped stocks wriggle away from the squeeze delivered by surging Treasury yields.
Equites finished mixed to unchanged on Friday, capping a tumultuous week during which benchmark Treasury yields hit 16-year highs and investors digested the Federal Reserve’s hawkish outlook revisions.
Equites, particularly growth stocks, slumped overnight under pressure from a spike in Treasury yields testing multi-decade highs as investors continued to digest the prospect of a higher-for-longer Federal Reserve interest rate regime as the Bank of England made very clear they will be in no rush to pivot
