[Chart courtesy of MarketWatch.com] Moving the markets Stocks finally got off the floor on Thursday and clung to their gains until the end, as investors watched the wild swings in the bond market with bated breath. After weeks of getting hammered, the market needed a bounce. A massive short squeeze helped the bulls but don’t get too excited. This rally …
Inflation Concerns And Tightening Financial Conditions Drive Stock Market Turbulence
[Chart courtesy of MarketWatch.com] Moving the markets The stock market experienced a wild ride on Wednesday as Wall Street attempted to recover from steep losses seen in the previous session. This rollercoaster was fueled by a dip and then a rip in Treasury yields and the release of positive economic data. The benchmark 10-year Treasury yield rallied above the 4.6% …
S&P 500 Plunges As Home Sales Crash And Consumer Confidence Falls
[Chart courtesy of MarketWatch.com] Moving the markets The market had a terrible day today, as dismal reports on home sales and consumer confidence sent the S&P 500 to its lowest level in months. The index plunged 1.47%, breaking below 4,300 for the first time since June 9. The housing market showed signs of cooling down, as new home sales in …
Bond Yields Surge, AI Stocks Rally, And Market Goes Nowhere Fast
[Chart courtesy of MarketWatch.com] Moving the markets The S&P 500 barely budged Monday as the 10-year Treasury yield soared, and the market started the last week of September with a whimper. But hey, at least the index closed in the green. The 10-year Treasury yield reached 4.5%, hitting levels not seen since 2007 when it peaked at 4.57%. Remember 2007? …
Fed Confuses Everyone: Markets Lose It
[Chart courtesy of MarketWatch.com] Moving the markets The Fed meeting was the main event of the day, as everyone waited with bated breath to see what the central bank would do with interest rates. Would they hike, cut, or hold steady? Would they signal a dovish or hawkish stance? Would they make any jokes or puns to lighten the mood? …
Stocks Tumble, Fed Mumbles, Oil Rumbles, And Bonds Crumble
[Chart courtesy of MarketWatch.com] Moving the markets The markets had a bad hair day on Tuesday as they waited for the Federal Reserve to wake up and make a move. After plunging in the middle of the day, the major indexes clawed their way back up but still ended in the red. The central bank’s two-day meeting started on Tuesday, …