U.S. Stocks Edge Toward Their Records After Oil Prices Ease a Bit
Buyout announcements and strong tech gains offset higher Treasury yields as the S&P 500 and Nasdaq hovered near record levels.
- On Monday, U.S. stocks held relatively steady as the Nasdaq reached all-time intraday highs, though risk sentiment remained cautious amid volatile oil prices and rising Treasury yields.
- Yields on the 10-year U.S. Treasury edged up to 5.30% amid concerns over government finances, while Brent crude fluctuated between $100 and $103 due to ongoing infrastructure disruption risks in the Gulf.
- Strong corporate buyout activity supported the market, led by Schneider Electric's $22.6 billion all-cash acquisition of PTC and C.H. Robinson Worldwide's $5.8 billion deal for RXO Inc.
- Fresh data showed U.S. services sector activity slowed in September, reinforcing market expectations that the Federal Reserve may hold interest rates steady this month, traders now see an 80 percent chance.
- Goldman Sachs analysts expect most companies will "once again surpass consensus earnings estimates this quarter," as technology sector strength continues to drive market performance despite economic headwinds.
31 Articles
31 Articles
The Korea Times
S&P 500 up, Nasdaq at record high as megacap tech stocks rise
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Idaho Press
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U.S. stocks are rising near their records after a couple buyout announcements helped lift the market. The S&P 500 added 0.5% Monday and pulled within 0.5% of its all-time high, which was set during the summer. The Dow Jones Industrial…
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Stocks have moved mostly higher during trading on Monday, extending the upward move seen over the two previous sessions. With the continued advance, the tech-heavy Nasdaq has reached a new record intraday high. Currently, the Nasdaq and S&P 500 are just off their highs of the session.
US stocks: Nasdaq hits record as megacap gains offset elevated Treasury yields
On Monday, the S&P 500 gained ground and the Nasdaq Composite hit a historic high, propelled by heavyweight stocks. The technology sector led this upward trend, thanks to impressive performance from Nvidia, Meta Platforms, Microsoft, and Tesla. However, the Dow Jones Industrial Average faced a slight setback amid elevated Treasury yields. Strong expectations for corporate earnings are buoying U.S. equities, even as inflation and geopolitical unc…
Rutland Herald
US stocks edge toward their records after oil prices ease a bit
U.S. stocks are holding relatively steady following the latest yo-yo moves for oil prices. The S&P 500 ticked up by 0.2% Monday and pulled within 0.8% of its all-time high set during the summer. The Dow Jones Industrial Average fell…
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