[Chart courtesy of MarketWatch.com] The stock market had a rough day on Wednesday, after the S&P 500 got too close to its glass ceiling and bounced back down. It was a busy day for earnings reports and rising interest rates, which made investors nervous and jittery. The 10-year bond yield jumped over 4.9%, the highest since 2007. That’s bad news …
Markets Ride The Roller Coaster Of Rising Yields And Earnings
[Chart courtesy of MarketWatch.com] The markets were like a roller coaster on Tuesday, as investors felt the heat from rising bond yields. But they also got some relief from the third-quarter earnings season that kicked off with a bang. The 10-year U.S. Treasury yield soared to 4.84%, the highest since Oct. 6 — when it was a hair away from …
Earnings Boost Stocks, Bond Yields And Middle East Woes Weigh
[Chart courtesy of MarketWatch.com] Traders had a lot on their plate on Monday: a flood of corporate earnings reports, rising bond yields, and simmering tensions in the Middle East. But they chose to focus on the positive and pushed stocks higher. The S&P 500 rose by about 1%, but it still faces a hurdle: the top of its downward trend …
ETF Tracker Newsletter For October 13, 2023
ETF Tracker StatSheet You can view the latest version here. STOCKS FALL ON FRIDAY AS INFLATION FEARS SPOOK INVESTORS: IS THE FED STUCK BETWEEN A ROCK AND A HARD PLACE? [Chart courtesy of MarketWatch.com] The markets had a roller coaster ride on Friday, as oil prices soared, and inflation fears spooked investors. Wall Street closed a turbulent week with …
Inflation Fears And Bond Market Carnage Send U.S. Stocks Lower
[Chart courtesy of MarketWatch.com] U.S. stocks ended lower on Thursday, snapping a four-day winning streak, as investors digested the latest inflation data and a dismal bond auction. The consumer price index (CPI), a key measure of inflation, rose by 0.4% in September and 3.7% year-over-year, beating the consensus estimates of 0.3% and 3.6%, respectively. The core CPI, which excludes volatile …
Oil Deal And Bond Rally Lift Stocks Despite Inflation Spike
[Chart courtesy of MarketWatch.com] Stocks went up on Wednesday as investors shrugged off the latest inflation scare and celebrated a big deal in the oil industry (Exxon swallowed Pioneer Natural Resources). Treasury yields kept falling from the 16-year peaks they hit last week, which gave stocks a boost after a midday slump. Another factor that helped stocks bounce back was …