Category: EOD Summary
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Wall Street Closes Higher as AI Dealmaking Offsets Rising Bond Yields
U.S. stocks closed higher on Friday, with all three major indexes posting gains as a fresh wave of artificial intelligence dealmaking helped investors look past a bond market that continues to send borrowing costs to multi-year highs. The advance capped a positive week for Wall Street even as the 10-year Treasury yield hovered near its…
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Wall Street Closes Narrowly Mixed as Treasury Yields Hit Near 19-Year Highs
U.S. stocks finished a choppy Thursday session little changed, with the Dow Jones Industrial Average slipping while the S&P 500 and Nasdaq Composite held roughly flat. Equities spent the morning under pressure as Treasury yields surged to their highest levels since 2007, but selling eased in the afternoon after reports that U.S. and Iranian negotiators…
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Stocks Pull Back as Hot PMI Data Sends Treasury Yields to 2007 Highs
U.S. stocks moved lower on Wednesday, giving back ground after the Nasdaq touched a record high earlier in the week. Treasury yields jumped across the board after a stronger-than-expected reading on business activity, while a rebound in oil prices added to worries that inflation will stay stubborn. The combination revived concerns that the Federal Reserve…
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Nasdaq Notches Second Straight Record Close as Dow Slips and S&P 500 Ends Flat
Wall Street finished Tuesday’s session with a split verdict, as continued strength in technology stocks lifted the Nasdaq to another record close while the Dow Jones Industrial Average drifted lower and the S&P 500 ended essentially unchanged. After Monday’s broad rally, investors spent the day weighing falling oil prices and renewed enthusiasm for artificial intelligence…
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Nasdaq Closes at Record High as Chip Stocks Surge and Oil Retreats
Wall Street kicked off the week on a firmly positive note Monday, with the technology-heavy Nasdaq Composite powering to a record close as a wave of buying in semiconductor stocks lifted the broader market. Falling oil prices and easing Treasury yields added to the upbeat mood, helping stocks recover from a mostly lower performance the…
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Nasdaq Leads Wall Street Higher as Falling Yields Cap a Turbulent Fed Week
U.S. stocks finished narrowly mixed on Friday, closing out a volatile week on a steadier note as a pullback in Treasury yields helped support technology shares. The Nasdaq Composite led the way, while the S&P 500 edged higher and the Dow slipped modestly. The gains capped a stretch dominated by the Federal Reserve, which earlier…
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Wall Street Rebounds as Falling Oil Prices Ease Inflation Fears a Day After Fed Rate Hike
U.S. stocks bounced back on Thursday, recovering from the previous session’s sell-off as a drop in oil prices reassured investors that inflation can stay contained even after the Federal Reserve raised interest rates for the first time since 2023. All three major indexes closed higher, with technology and chip stocks leading the advance. The rally…
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Dow Sinks 630 Points as Fed Hikes Rates and Signals More to Come
Wall Street reversed an early advance and closed lower on Wednesday after the Federal Reserve raised interest rates and struck a more hawkish tone than investors had hoped. Stocks were higher across the board heading into the afternoon, but the mood soured once the central bank delivered its decision and Chair Kevin Warsh warned that…
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Wall Street Pulls Back as Treasury Yields Hit 2007 Highs Ahead of Fed Decision
U.S. stocks retreated on Tuesday as investors turned cautious on the eve of the Federal Reserve’s closely watched policy decision and a surge in Treasury yields rattled the market. All three major indexes finished in the red, with the pullback led by rate-sensitive corners of the market. The yield on the benchmark 10-year Treasury note…
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AI Slowdown Warning Sparks Chip Selloff as Yields Top 5%
US stocks closed lower on Monday after leaders of the biggest artificial-intelligence companies used the weekend to call for a slowdown in AI development, rattling the chipmakers that have powered much of the market’s advance this year. A jump in oil prices and a climb in Treasury yields added to the pressure, leaving all three…