Category: EOD Summary
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Nasdaq Hits Record Close as Soft Jobs Report Eases Fed Rate-Hike Fears
Wall Street finished higher on Friday after a weaker-than-expected September jobs report calmed worries that a hot economy could push inflation, and interest rates, even higher. The Nasdaq Composite led the way with a record close, while the S&P 500 finished within about 1% of its all-time high. Falling Treasury yields and lower oil prices…
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Wall Street Rebounds From Early Losses as Chip Stocks Rally and Treasury Yields Ease
U.S. stocks kicked off October and the fourth quarter with a choppy session, recovering from morning weakness to close slightly higher. A pullback in bond yields from multi-decade highs and a bounce in AI-related chip stocks helped the major averages climb back above the flat line. The 10-year Treasury yield touched about 5.3% earlier in…
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Wall Street Fades After Cooler Inflation Reading as Dow and S&P 500 Post September Losses
U.S. stocks finished mixed on Wednesday after an early rally on softer inflation data lost steam. The Dow Jones Industrial Average and S&P 500 closed lower and ended September with monthly losses, while the Nasdaq Composite held a modest gain. Investors weighed a cooler-than-expected inflation report against rising Treasury yields and higher oil prices, with…
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Wall Street Slips as Consumer Confidence Hits 12-Year Low and Treasury Yields Stay High
U.S. stocks finished slightly lower on Tuesday after an early tech-led bounce faded. Rising Treasury yields, weak consumer confidence and ongoing uncertainty over U.S.-Iran talks to reopen the Strait of Hormuz kept buyers cautious. Losses were modest across the major indexes, but smaller companies fared worse, with the Russell 2000 falling about 0.35%. What Moved…
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Treasury Yields Hit Highest Level Since 2007 as Iran Tensions Send Wall Street Lower
U.S. stocks closed lower on Monday to start a busy week, as renewed tensions between the United States and Iran pushed oil prices higher and long-term Treasury yields climbed to multi-decade highs. President Trump’s rejection of an Iranian proposal to reopen the Strait of Hormuz revived worries about energy-driven inflation, which in turn fueled bets…
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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…