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☆ Stock Market Today: Bond Selloff Weighs on Dow Futures
▼ + stars: | 2023-10-04 | by ( ) www.wsj.com time to read: +1 min

The yield on the 30-year U.S. Treasury note briefly breached 5%, while the 10-year equivalent hovered below 4.8%—its highest level since August 2007. Germany's 10-year Bund yield briefly touched 3%, for the first time in 12 years. Contracts tied to the S&P 500, the Dow industrials and Nasdaq-100 each edged up about 0.1%. West Texas Intermediate, the U.S. benchmark, fell below $88 a barrel. Brent crude, the international benchmark, traded below $90.

Persons: Brent, Kospi Organizations: Treasury, Bund, Dow, Nasdaq, West Texas Intermediate, Nikkei Locations: U.S

☆ Hong Kong stocks have worst day in three months on worries about rates and real estate
▼ + stars: | 2023-10-03 | by ( Laura He | ) edition.cnn.com time to read: +4 min

Hong Kong CNN —Stocks in Hong Kong suffered their worst day in three months on Tuesday on growing concern about China’s weak housing market and persistently high US interest rates. Real estate stocks were once again among the heaviest losers in Hong Kong. Country Garden, one of the country’s largest property developers, sank 4.4%. Market sentiment was also weighed down by concerns that US interest rates could stay elevated after US Treasury yields hit a 16-year high. Yields on the 10-year US Treasury, which are considered a proxy for US interest rates, reached 4.7% on Monday, the highest since 2007.

Persons: Xu Jiayin, Nomura, “, JPMorgan Chase, Jamie Dimon, ”, Stephen Innes Organizations: Hong Kong CNN —, Energy Vehicle, Evergrande, Estate Information Corporation, Treasury, JPMorgan, Reserve, Federal, Nikkei Locations: Hong Kong, Beijing, Washington, Real, Shanghai, China, Asia

NEW YORK (AP) — Wall Street is sinking sharply Tuesday as it focuses on the downside of a surprisingly strong job market. Stocks fell as the pressure on them cranked even higher from rising Treasury yields in the bond market. Tuesday's report on the U.S. job market could give the Fed more reason to keep rates high. They and other high-growth stocks are seen as some of the biggest victims of high interest rates. The resumption of student-loan repayments could drag on spending by U.S. households, which has been strong enough to help keep the economy out of a recession despite high interest rates.

Persons: Stocks, Michelle Bowman, ”, Yung, Yu Ma, McCormick, China Evergrande, Eli Lilly, Brent, Matt Ott, Elaine Kurtenbach Organizations: Dow Jones, Nasdaq, Treasury, Federal Reserve, Fed, BMO Wealth Management, Big Tech, Microsoft, Nvidia, Nikkei, AP Business Locations: Wall, China, South Korea, Europe

BANGKOK (AP) — Asian shares were mostly higher in thin trading Monday with many markets closed for holidays. Japan’s Nikkei 225 index slipped after a central bank survey showed business confidence on the rise. The Bank of Japan’s “tankan” quarterly survey measured business sentiment among major manufacturers at plus 9, up from plus 5 in June. After easing earlier in the day on encouraging signals about inflation, Treasury yields got back to rising as the day progressed. Postponements of such reports could complicate things for the Fed, which has insisted it will make upcoming decisions on interest rates based on what incoming data say about the economy.

Persons: Australia's, Taiwan's Taiex, It's, it's, Brent Organizations: Japan’s Nikkei, Japan’s, Nikkei, Dow, Nasdaq, Treasury, Federal Reserve, New York Mercantile Exchange Locations: BANGKOK, China, South Korea, U.S, Tokyo, Bangkok

☆ Stock Market News Today: Dow Closes 270 Points Lower as Post-Fed Selloff Continues
▼ + stars: | 2023-09-21 | by ( ) www.wsj.com time to read: +1 min

Stocks finished lower and Treasury yields rose Thursday, concluding a second day of weak market action triggered by the Federal Reserve. “In this environment, with higher rates for longer, it’s more difficult to achieve a soft landing. U.S. stocks retreated. All three major indexes fell; the Nasdaq Composite was down 1.8%, while the Dow industrials dropped more than 350 points. The benchmark 10-year Treasury yield climbed tp 4.479% to its highest level since October 2007.

Persons: Stocks, ”, Karim Chedid, Dow industrials, Shorter Organizations: Federal Reserve, BlackRock, Cisco, Nasdaq, Dow, Treasury, Nikkei, Swiss Locations: U.S, Europe

☆ Stock Market Today: Dow Futures Edge Up; Arm Rallies Premarket
▼ + stars: | 2023-09-15 | by ( ) www.wsj.com time to read: +1 min

Shares of chip designer Arm continued to rise in offhours trading , last up 7% after jumping 25% in its stock-market debut Thursday. Stock futures edged up as Chinese data pointed to stronger-than-expected economic activity and investors awaited U.S. consumer-sentiment data. The Chinese central bank cut a short-term lending rate, in another move to support the country’s recovery. Contracts linked to the S&P 500 and the Dow rose crept higher, while Nasdaq-100 futures were flat. German and Italian 10-year yields rose—in a reversal of Thursday's reaction to the European Central Bank's interest-rate hike, according to Joost van Leenders, investment strategist at Van Lanschot Kempen.

Persons: Seng, Oil, Joost van Leenders, Van Lanschot Organizations: Nasdaq, Nikkei, Brent, Treasury Locations: China, U.S, Europe, Michigan

☆ Stock Market Today: Dow Futures Edge Down; Apple, Oracle Stocks in Focus
▼ + stars: | 2023-09-12 | by ( ) www.wsj.com time to read: +1 min

It’s a big day for Apple, the world’s most valuable company. Apple is set to unveil new iPhones Tuesday as part of its annual hardware refresher, which starts at 1.p.m ET. Apple stock held steady in premarket trading. Software giant Oracle’s stock tumbled in premarket trading, after it reported quarterly sales that underwhelmed investors. U.S. Treasury yields wavered.

Persons: outstripping Organizations: Apple, Huawei, Software, Nikkei, Treasury Locations: China, U.S

☆ Stock Market Today: Dow, S&P 500 Futures Fall
▼ + stars: | 2023-09-06 | by ( ) www.wsj.com time to read: +1 min

Stock futures pointed to U.S. markets extending losses after Tuesday’s oil-driven declines. Crude prices retreated from 10-month highs hit Tuesday after Saudi Arabia and Russia surprised many investors by curtailing oil output through the end of the year. The announcement hardened Wall Street’s fears regarding the world’s second-largest economy, as it suggests the two countries see limited upside for Chinese demand. In other market news:Yields on benchmark 10-year Treasury notes crept lower but remained near 2023 highs. Japan’s yen hit a 10-month low against the dollar, putting traders on alert for more intervention by Tokyo.

Organizations: Nikkei, GameStop Locations: U.S, Saudi Arabia, Russia, Tokyo

Crude oil prices pushed higher, adding to inflationary pressures at a time when investors are hoping to see central banks back away from interest rate hikes. Energy stocks rose along with crude oil prices after Saudi Arabia and Russia said they will extend their voluntary production cut of 1 million barrels of oil a day through the end of the year. Much of the information fueled hopes that the Fed might moderate interest rate increases to fight inflation, which has been easing for months. Wall Street expects the Fed to hold its benchmark interest rate steady at its next meeting later in September, just as it did at its previous meeting. The central bank has raised its main interest rate aggressively since 2022 to the highest level since 2001.

Persons: ” Stephen Innes, Russell, Cintas, Brent, Kroger, Alex Veiga, Damian J, Troise Organizations: Japan’s Nikkei, Management, Labor, Dow Jones, Nasdaq, New York Stock Exchange, Merck, Co, JPMorgan Chase, Microsoft, Energy, Chevron, New York Mercantile Exchange, Institute for Supply Management, GameStop, Dave, AP Business Locations: Asia, U.S, Seoul, Australia, Shanghai, Saudi Arabia, Russia

☆ Stock Market Today: Dow, S&P 500 Open Lower; Blackstone, Airbnb Stocks in Focus
▼ + stars: | 2023-09-05 | by ( ) www.wsj.com time to read: +1 min

U.S. stocks started Tuesday lower after Chinese data pointed to a slowdown in services activity, fueling more concerns about global growth. A private gauge showed the slowest expansion in China’s services output in eight months on Tuesday. Beijing has put forward additional stimulus measures in recent days, including support for China’s ailing property sector and the creation of a government body to help the private sector. The Shanghai Composite Index retreated nearly 1% and Hong Kong’s Hang Seng Index lost over 2%. An index of U.S.-listed Chinese stocks fell more than 2%.

Persons: Dow Organizations: Nasdaq, Treasury, Bank of America, Nikkei Locations: Beijing, U.S, Saudi Arabia, Shanghai, Europe

☆ Stock Market Today: Dow Futures Edge Up Ahead of Powell's speech
▼ + stars: | 2023-08-25 | by ( ) www.wsj.com time to read: +1 min

All eyes turn to Jackson Hole—the mountain retreat that once a year becomes a big deal for central-bank watchers. Investors will parse his words for insight into whether the central bank may raise interest rates again this year. Investors now see a near-50% chance of another rate hike by year-end, a significant increase from last week, futures pricing shows. Ahead of Powell's speech, bond yields and stock futures edged higher. European stocks rose slightly, ahead of a speech at Jackson Hole by European Central Bank President Christine Lagarde.

Persons: Jackson, Jerome Powell, Christine Lagarde, Angus Berwick Organizations: Hawaiian Electric Industries, Maui County, European Central Bank, Beijing, Japan’s Nikkei Locations: Maui

☆ Summer of angst as bond yields surge and global stocks wobble
▼ + stars: | 2023-08-21 | by ( ) www.reuters.com time to read: +5 min

Meanwhile, U.S. real yields, which show what investors can expect to earn on government bonds after adjusting for inflation, stand near their highest point since 2009. Benchmark yields also guide other key economic rates, raising the cost of capital as they climb. In Europe, a key long-term gauge of market inflation expectations remains well above the European Central Bank's 2% inflation target . Reuters GraphicsHigher bond yields, falling equities and a rising dollar are all tightening financial conditions fast, adding to investor concerns. Property accounts for roughly a quarter of China's economy, which is already suffering from tepid domestic consumption, faltering factory activity, rising unemployment and weak overseas demand.

Persons: Brendan McDermid, Goldman Sachs, Goldman, Hong, Yoruk Bahceli, Alun John, Dhara Ranasinghe, Lewis Krauskopf, Vincent Flasseur, Ira Iosebashvili, Mark Potter Organizations: New York Stock Exchange, REUTERS, Japan’s Nikkei, Reuters, Treasury, Central, Bank of England, Thomson Locations: New York City, U.S, Europe, Britain, China's

☆ Stock Market Today: Dow, Nasdaq Open Higher; Cisco, Walmart Stocks in Focus
▼ + stars: | 2023-08-17 | by ( ) www.wsj.com time to read: +1 min

Ten-year Treasury yields are up again after settling at their highest level since 2008, an ascent that is raising concern on Wall Street about the potential fallout for stocks. Yields have been driven up mostly by the strength of the U.S. economy, and the prospect of inflation remaining stubbornly high. Stocks were in the red following two days of losses spurred in part by higher yields. The S&P 500 and Dow industrials were modestly lower, while the Nasdaq Composite was off about 0.5%. Ten-year Treasury yields rose above 4.3%, after settling at 4.258% Wednesday.

Persons: Stocks, Dow industrials Organizations: Labor Department, Retail, Walmart, Nasdaq, Hawaiian Electric, Moderna, Global, Japan’s Nikkei Locations: U.S, Maui, Europe, Shanghai

☆ Stock Market Today: Dow Drops 400 Points; Eli Lilly, Novo Nordisk Stocks in Focus
▼ + stars: | 2023-08-08 | by ( ) www.wsj.com time to read: +2 min

Shares of regional banks, including U.S. Bancorp, Key and Comerica, were among the biggest decliners in the S&P 500. The pullback stood to reverse some of Monday’s stock-market gains, which included a roughly 400-point increase for the Dow . Stock indexes fell. The S&P 500, Dow industrials and Nasdaq all declined by more than 1%. Eli Lilly led the S&P 500 higher.

Persons: Dow, Eli Lilly Organizations: U.S . Bancorp, Key, Comerica, Bank of America, JPMorgan Chase, Citigroup, Dow, United Parcel Service, Dow industrials, Nasdaq, Treasury, Shanghai, Nikkei, Bank, Commodities Locations: Europe, Rome, U.S

☆ Stock Market Today: Dow, Nasdaq Close Lower; Big Bank Stocks Slide
▼ + stars: | 2023-08-08 | by ( ) www.wsj.com time to read: +2 min

A broad sell off in regional bank shares—including KeyCorp and Comerica—made financial stocks among the worst performers in the S&P 500. ET:Stock indexes fell. The S&P 500 and Dow industrials pared some of their losses from earlier in the day, but still ended down. Eli Lilly led the S&P 500 higher. Bank shares were among the biggest losers, with UniCredit and other Italian banks sinking after Rome said it plans a windfall tax.

Persons: Dow industrials, Eli Lilly, Wall Organizations: KeyCorp, Comerica, Bank of America, JPMorgan Chase, Citigroup, United Parcel Service, Dow, Nasdaq, Treasury, Shanghai, Nikkei, Bank Locations: Government, Europe, Rome

☆ Stock Market Today: Dow Futures Edge Lower as Merck, Uber Earnings Roll In
▼ + stars: | 2023-08-01 | by ( ) www.wsj.com time to read: +1 min

Stock futures edged lower at the start of another busy day of company earnings that will offer clues on the financial strength of corporate America. Uber stock is rising ahead of the open in heavy volumes, after the ride-hailing giant reported its first operating profit . Stock futures slipped. Contracts on the S&P 500 and Dow industrials edged lower. The Stoxx Europe 600 and the U.K.’s FTSE 100 both edged lower.

Organizations: Companies, Caterpillar, Merck, Pfizer, HSBC, BP, Starbucks, Devices, Stock, Dow, Nasdaq, Treasury, U.S, Australian, Nikkei, ’, Brent Locations: London, Europe

☆ Stock Market Today: Dow Futures Hover; Netflix, Tesla Shares Fall Premarket
▼ + stars: | 2023-07-20 | by ( ) www.wsj.com time to read: +1 min

A premarket selloff in Netflix and Tesla shares weighed on stock futures, denting investor optimism about the second-quarter earnings season after largely reassuring bank results. Netflix shares slid more than 6% premarket after the company reported revenue that fell short of its own projections , despite adding 5.9 million subscribers. Tesla shares were down more than 3% after Chief Executive Officer Elon Musk cautioned that the company might need to cut prices further . Johnson & Johnson reported earnings ahead of the market open Thursday. Dow futures rose 0.2%, putting the index on track for its ninth day of gains.

Persons: Elon Musk, Johnson Organizations: Netflix, Tesla, Tech, Nasdaq, Dow, Futures, Monday, ’, Japan’s Nikkei Locations: Russia, Ukraine, Odesa, Europe

☆ Stock Market Today: Dow, Nasdaq Futures Edge Up
▼ + stars: | 2023-07-11 | by ( ) www.wsj.com time to read: +2 min

Stock futures edged higher as investors looked ahead to inflation data that are expected to play a crucial role in shaping the next stretch of monetary policy. Investors eyed gains in overseas stock markets Tuesday, which came after Beijing announced new loan-relief measures for China’s troubled property sector. European indexes also rose, with the exception of the U.K.’s benchmark stock index, which fell after data showed wage growth remained strong there. Stock futures edged higher. Futures tied to the S&P 500 and the tech-focused Nasdaq-100 both gained 0.2%, while those tied to the Dow industrials edged up 0.1%.

Persons: Loretta Mester, Mary Daly, ’, Hong, Seng, Brent Organizations: Labor Department, Investors, Traders, Beijing, Dow, Treasury, Shanghai, Nikkei Locations: Europe

☆ Hong Kong stocks slump on worries about Chinese banks, US interest rates
▼ + stars: | 2023-07-06 | by ( Laura He | ) edition.cnn.com time to read: +2 min

Hong Kong CNN —Hong Kong stocks on Thursday recorded their worst day in four months, after Goldman Sachs downgraded major Chinese banks on local government debt risks and the US Federal Reserve gave a hawkish outlook. Financial shares led the sell-off, after Goldman Sachs downgraded several Chinese banks. The Hang Seng Mainland Banks Index, which tracks mainland Chinese banks listed in Hong Kong, plummeted 6.5%. These banks face earnings risks stemming from their exposure to China’s local government debt, the Wall Street firm said. Sentiment in Hong Kong markets was also affected by the Fed’s hawkish rate outlook.

Persons: Goldman Sachs, Xi Jinping’s, ” “, ”, Stephen Innes, Janet Yellen, Biden, Korea’s Kospi Organizations: Hong Kong CNN, US Federal Reserve, Asia Pacific . Financial, Mainland Banks Index, Commerical Bank of China, Industrial Bank, Bank of China, Bank of Communications, Huaxia Bank, US, Nikkei Locations: Hong Kong, Asia, Mainland, “, China, Beijing, Shanghai

☆ Stock Market Today: Dow Futures Fall; Meta Stock Rises Premarket
▼ + stars: | 2023-07-06 | by ( ) www.wsj.com time to read: +1 min

Government-bond yields rose in the U.S. and Europe, reflecting recent statements by major central banks that they will keep raising interest rates to curtail inflation. Weakening activity in the services sector is a big reason for the pressure on global markets today, said Samy Chaar, chief economist at Lombard Odier. U.S. stock futures fell. Government-bond yields rose. Yields rose in Germany, the U.K. and France, too.

Persons: Samy Chaar, ”, Dow, Hang Seng Organizations: Services, Lombard, Nasdaq, Overseas, Nikkei Locations: Government, U.S, Europe, Shanghai, Germany, France, Brent, Iran

☆ Stock Market Today: Dow Falls More Than 450 Points; Meta Stock Gains After Threads Launch
▼ + stars: | 2023-07-06 | by ( ) www.wsj.com time to read: +1 min

Bond yields rose and stocks fell after fresh economic data showed the labor market is still running hot. U.S. stocks fell. The S&P 500, Dow industrials and Nasdaq Composite each dropped more than 1%. The communications services sector was off more than 1%; it includes Meta Platforms, which wavered in morning trading after launching Threads, a Twitter competitor. Oil prices fell.

Persons: Dow, Hong, Hang Seng Organizations: Institute for Supply Management, Labor Department, Dow industrials, Nasdaq, Brent, Energy, Overseas, Nikkei Locations: U.S, Europe, Iran

☆ Stock Market Today: Dow Futures Edge Down—Live Updates
▼ + stars: | 2023-07-05 | by ( ) www.wsj.com time to read: +1 min

Stock futures slipped as data showed China’s services sector expanded slower than expected and investors awaited minutes from the Federal Reserve’s latest policy meeting. “It’s contributing to the loss of momentum and growth in Europe as well.”Coming up: The Fed’s minutes for its June meeting are due at 2 p.m. In recent market action:Stock futures slipped. Nasdaq-100 futures fell 0.4%. Hong Kong’s Hang Seng Index lost 1.6% and the Shanghai Composite Index fell 0.7%.

Persons: ”, Hani Redha, Jerome Powell, Brent Organizations: Federal, PineBridge Investments, Dow, Nasdaq, Nikkei, Treasury Locations: China, Europe, Shanghai

☆ Stock Market Today: Dow Slips, Tesla Jumps
▼ + stars: | 2023-07-03 | by ( ) www.wsj.com time to read: +1 min

That will be followed Friday with the June jobs report, which economists expect to show continued resilience in the labor market. The Nasdaq Composite was up, the S&P 500 was around flat and the Dow industrials were edging lower. The yield on the benchmark 10-year Treasury note dipped to 3.811%, from 3.818% Friday. The Shanghai Composite rose 1.3%, its largest gain in nearly two months. The international benchmark for oil climbed after Russia's Deputy Prime Minister Alexander Novak said his country would cut oil exports in August.

Persons: Tesla, Nio, Janet Yellen’s, Hang Seng, Alexander Novak, Bitcoin Organizations: Federal, Nasdaq, Dow, EV, Nikkei, Brent, Securities and Exchange Commission Locations: U.S, China, Shanghai, Saudi Arabia

☆ Stock Market Today: Dow Futures Hover, Tesla Jumps
▼ + stars: | 2023-07-03 | by ( ) www.wsj.com time to read: +2 min

Stock futures edged higher to kick off the second half of 2023, with shares of growth companies—and particularly Tesla—leading premarket. Tesla’s stock jumped over 6% in premarket trading after the electric-vehicle maker posted a record quarter for sales . The stock market ended last week on solid footing after the Fed’s preferred inflation measure, the personal-consumption expenditures price index, notched its lowest reading in two years. Stock futures mostly ticked up. Futures tied to the tech-focused Nasdaq-100 rose 0.3%, while those tied to the S&P 500 added 0.1%.

Persons: Tesla, Janet Yellen’s, Hong, Hang Seng, Alexander Novak, Bitcoin Organizations: Federal, Stock, Futures, Dow, Nikkei, Brent, Securities and Exchange Commission Locations: . U.S, U.S, China, Shanghai, Saudi Arabia

☆ Dow Futures, Bank Stock Rise: Live Updates
▼ + stars: | 2023-06-29 | by ( ) www.wsj.com time to read: +2 min

Stock futures edged higher as investors awaited data on inflation and economic growth and digested comments by central-bank chiefs. Meanwhile, bank stocks rose in premarket trading Thursday after the Fed said the biggest U.S. lenders remained healthy . Stock futures were up. The yield on the 10-year bund advanced to 2.357% ahead of German inflation data due at 8 a.m. U.S. bank stocks climbed premarket.

Persons: Jerome Powell, Christine Lagarde, Andrew Bailey, ”, Jason Da Silva, Arbuthnot Latham Organizations: European Central Bank’s, Bank of England Gov, Fed, U.S, Stock, Futures, Nasdaq, Dow, Treasury, bund, Bank of New York Mellon, Bank of America, UniCredit, Nikkei Locations: European, Spain, U.S, China, Europe

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