U.S. Stocks Drift Toward the Finish of a Winning Week
Higher Treasury yields pressured expensive tech shares after the University of Michigan survey showed consumers expect 4.6% inflation over the next year.
- U.S. stock indexes traded mixed on Tuesday as markets struggled for direction, with the S&P 500 adding 0.3% while remaining near all-time highs set last month.
- Treasury yields climbed to 5.20% from 5.18% late Thursday following a University of Michigan report showing consumers expect 4.6% inflation, up from 4% the month before.
- Akamai Technologies rose 7% after announcing an $11.6 billion multiyear agreement with Anthropic, the company behind the Claude AI chatbot, while Costco Wholesale added 2.4%.
- Globally, Japan's Nikkei 225 climbed 1.3% while Hong Kong's Hang Seng dropped 1%, reflecting mixed sentiment across international markets amid central bank policy focus.
- Rising Treasury yields slow economic activity by making borrowing more expensive, though consumer sentiment remained better than expected and markets stayed on track for a winning week.
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15 Articles
Watch Stocks & Bonds Sell Off as Oil Drives Yields Higher
The Close brings you the latest news and analysis leading up to the final minutes and seconds before and after the closing bell on Wall Street. Today's guests are Vanguard Fixed Income Client Portfolio Manager Rebecca Venter, First Founder & CEO Libby Leffler, Morningstar Senior Equity Analyst David Swartz, Rockefeller International Chairman Ruchir Sharma, Russell Investments President & CIO Kate El-Hillow, AMD CEO Lisa Su & World Labs CEO Fei-Fei Li, JPMorgan Asset Management Executive Director, Global Market Strategist Jack Manley, Adobe Digital Insights Director Vivek Pandya, & SPG Global Managing Director Simon Gallagher.
The Bakersfield Californian
US stocks are mixed after oil prices ease and bond yields rise
A cooldown in oil prices is clashing on Wall Street with pressure building from the bond market, leaving the U.S. stock market mixed. The S&P 500 was virtually unchanged Friday, but only after flipping between gains and losses. The Dow…
U.S. Stocks Lack Direction As Treasury Yields Extend Surge
After moving to the upside early in the session, stocks have shown a lack of direction over the course of the trading day on Friday. The major averages have spent the day bouncing back and forth across the unchanged line after ending the previous session roughly flat. Currently, the major averages are posting modest gains.
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