[Chart courtesy of MarketWatch.com] Stocks rallied on Wednesday, bouncing back from a dismal past three months, after the Federal Reserve kept interest rates unchanged for a second consecutive time. This led traders and algorithms to believe that the central bank would stay put for the rest of the year. The Treasury detailed plans of the size of its future bond …
Is History Repeating Itself? Stocks Suffer Third Monthly Loss As Bond Yields Spike
[Chart courtesy of MarketWatch.com] The S&P 500 managed to end the day in the green, but it was not enough to save the month from being a disaster. Treasury yields soared to levels not seen since 2007, making bonds look more attractive than stocks. Caterpillar, the maker of heavy machinery, beat earnings expectations for the third quarter, but warned that …
S&P 500 Tries To Escape Correction Zone, But Big Week Looms Ahead
[Chart courtesy of MarketWatch.com] Stocks bounced back on Monday after a brutal beating in the past few weeks. The S&P 500 tried to escape the correction zone, as traders braced for a busy week of Fed, jobs, and Apple news. It was about time for some relief from the oversold madness. The rally was widespread, with all 11 sectors of …
Bond Yields Bite Big Tech: Nasdaq And S&P 500 Join Correction Club
[Chart courtesy of MarketWatch.com] It was another brutal day for stocks, as the Nasdaq Composite plunged deeper into the red zone, thanks to Meta’s disappointing earnings. The tech giant formerly known as Facebook failed to wow investors with its metaverse vision, and its stock dropped more than 10%. The Nasdaq Composite is now down more than 10% from its July …
Market Suffers As Alphabet Disappoints, Bond Yields Spook Growth Investors
[Chart courtesy of MarketWatch.com] The market went down the drain on Wednesday, thanks to Alphabet’s disappointing cloud numbers that dragged down the whole tech sector. The 10-year Treasury yield also bounced back above 4.95%, spooking growth investors and sending the 30-year above 5% again. Alphabet stock plunged over 9%, its worst drop since last October, as its cloud revenue fell …
Stocks Rise After Flip-Flopping, But Tech Giants Face Valuation Challenge
[Chart courtesy of MarketWatch.com] Stocks finally decided to go up on Tuesday, after changing their minds a few times, as investors paid attention to the latest earnings reports and bond yields. The 10-year yield stayed away from the scary 5% mark, which was a relief for everyone. Coca-Cola made more money than expected, and its stock jumped more than 3%. …