10-year Treasury yield leaps to fresh 19-year high after hot economic readings
- On Monday, the S&P 500 rose 0.7%, pulling within 0.3% of its all-time high set during the summer.
- Schneider Electric of France agreed to pay about $22.6 billion for a software company, while C.H. Robinson Worldwide Inc. announced plans to acquire RXO Inc. in a deal betting on artificial intelligence.
- FactSet forecasts growth of nearly 30% for S&P 500 companies, with the S&P 493 on pace to outgrow the Magnificent Seven in earnings for the first time in years.
- The 10-year U.S. Treasury yield rose to 5.31% amid volatility in Brent crude, which traded between $100 and $103.
- Equities may see further upside over the next 12 months as economic growth remains resilient, though Wall Street expects the Federal Reserve to hike interest rates at least once by year-end.
453 Articles
453 Articles
The New York square closed with profits, highlighting the technological ones, despite the volatility in the bond market.The Nasdaq reached record levels, reflecting optimism in the AI sector and technology before the results season.
Investors shrug off a fresh surge in bond yields to push stocks to record highs
The bond sell-off is still going strong, but investors just don’t seem too concerned. The sell-off in government bonds picked up steam on Monday, but investors shrugged off the latest spike in yields and piled into the tech sector. The move is the latest reflection of the animal spirits pushing the stock market higher in […]
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US stocks rise to the edge of an all-time high
U.S. stocks are rising near their records after a couple buyout announcements helped lift the market. The S&P 500 added 0.8% Monday and pulled within 0.2% of its all-time high, which was set during the summer. The Dow Jones Industrial…
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