US stocks rose on Thursday after the rise in shares of companies linked to the artificial intelligence craze outweighed the impact of other market concerns, including the possibility of the country defaulting on its debt. The “Standard & Poor’s 500” index advanced by 0.9%, while the “Nasdaq 100” index, which gives a higher relative weight … Read more
The debt ceiling is another hurdle “There is little conviction on either side as the market continues to digest earnings reports, a slew of economic data, and finger pointing in Washington regarding debt ceiling discussions. For Chris Larkin of Morgan Stanley’s E*Trade, it’s fair to ask whether the drop in stock volatility indicates the market … Read more
The inflation target is ambitious Fed officials said they are keeping a close eye on key economic indicators, but investors should expect the numbers to remain mixed even with lower inflation, according to Chris Harvey, head of equity strategy at Wells Fargo. “We’re in a good position that the economy hasn’t cracked,” he said on … Read more
Treasury bonds and the dollar US Treasuries posted a modest increase at the front of the yield curve, with the monetary-policy-sensitive two-year yield falling by 3 basis points. Falling bond yields indicate that traders are betting that pressure to raise interest rates will ease. The dollar traded near its lowest level since April and the … Read more
Technology stocks fell in US stock prices while Treasury yields increased as the market absorbed growth opportunities andinflation This will result from China lifting its isolation measures related to the fight against the virus Covid. The ‘Standard & Poor’s 500’ index fell amid weak trading conditions, which saw trading volume drop nearly 20% from its … Read more