Stocks finished mixed overnight with downside momentum curbed by rising tech stocks as Treasury yields fell after data showed labor demand fell to a two-year low.
Investors paused their bullish bets on tech as Treasury yields rose ahead of key Payrolls data that will likely shape the Federal Reserve thinking on monetary policy
All three major U.S. stock indexes advanced, with economically sensitive transports and small caps enjoying the most robust gains.
Equities closed higher overnight as investors digested an ongoing slowdown in the pace of inflation and mostly better than expected corporate earnings
Equities closed mixed overnight to remain on course to post big November gains amid fresh optimism that the economy will avoid recession and ongoing optimism of Fed rate cuts of early next year, despite stronger GDP numbers
Equities closed higher Tuesday, underpinned by a fall in Treasury yields as dovish remarks from some Federal Reserve officials boosted bets on rate cuts.
Thanksgiving is one of the quietest periods of the year for global markets outside Christmas.
Equities resumed the rally overnight despite Nvidia disappointing investors with their results.
Equities resumed the rally overnight despite Nvidia disappointing investors with their results.
NVidia beat on both top and bottom lines against analyst expectations, however much of this was “baked in” as the stock initially fell 3%
Equities closed higher overnight ahead of the release of minutes from the Federal Reserve’s September meeting and earnings from Nvidia that will likely set the tone for big tech in a holiday-shortened week.
Equities finished slightly higher Friday, notching their third-straight weekly win as stocks were buoyed by slowing inflation data earlier this week that fueled optimism that Federal Reserve rate hikes has peaked.
