Yahoo
youtube
#YahooFinance #recession #bitcoin #Biden #Stockmarket #coronavirus #memestocks #Fed #YahooFinance #investing #stockmarket #crypto
To get the latest market news, check out finance.yahoo.com
Stocks closed mixed on Monday, with Big Tech names paring losses as the dollar and bond yields climbed amid fading hopes for interest rate cuts ahead of this week's key consumer inflation reports.
The S&P 500 (^GSPC) settled almost 0.2% higher after falling as much as 1% during the session, while the Nasdaq Composite (^IXIC) fell 0.4%. Shares of Nvidia (NVDA) and Apple (AAPL) closed off their session lows, though most "Magnificent Seven" tech megacaps fell during the session.
The blue-chip Dow Jones Industrial Average (^DJI), which includes fewer tech stocks, rose 0.8%, or more than 350 points.
Stocks navigated another volatile session after Friday's plunge, which wiped out all year-to-date gains for Wall Street's major gauges. A hot December jobs report rattled markets, spurring concern that signs of strength in the economy will encourage the Federal Reserve to keep rates higher for longer.
The 10-year Treasury yield (^TNX) added to recent gains to touch a 14-month high, trading around 4.8% as US bonds sold off. Meanwhile, the dollar (DX-Y.NYB) surged to a two-year high against major currency peers, with the UK pound (GBPUSD=X), in particular, coming under pressure.
As of Monday, traders are betting that, per the CME FedWatch tool, there will be no rate cut until at least September
|
2025/01/14
youtube
How Jack Dorsey Saved Twitter
Dow pops, Nasdaq slips as focus turns to CPI inflation report
Why the 401(k) plan may be becoming obsolete
Biden admin. expands AI chip rules to ‘adversaries like China’ #shorts
S&P 500, Nasdaq reverse early gains after PPI inflation data
What oil sanctions could mean for supply and price
