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Top related persons:
Matt Ott - 3 ” - 2 Brent - 2 Elaine Kurtenbach - 2 Stocks - 1 Michelle Bowman - 1 Yung - 1 Yu Ma - 1
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Dow Jones - 3 Nasdaq - 3 Treasury - 3 Federal Reserve - 3 Microsoft - 3 Big Tech - 2 Nvidia - 2 AP Business - 2

Search resuls for: "Matt Ott"


3 mentions found


☆ Stock Market Today: Wall Street Buckles Again Under the Weight of Higher Bond Yields
  + stars: | 2023-10-03 | by ( Associated Press | Oct. | At A.M. | ) www.usnews.com   time to read: +5 min
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
☆ Stock Market Today: Wall Street Climbs After Inflation Report to Soften What's Been a Sore September
  + stars: | 2023-09-29 | by ( Associated Press | Sept. | At A.M. | ) www.usnews.com   time to read: +5 min
Stocks broadly got a boost after yields in the Treasury market eased further off their highest levels in more than a decade. Yields fell after a report showed the measure of inflation that the Federal Reserve prefers to use was a smidgen cooler last month than economists expected. It charged this week to its highest level since 2007, up from 3.50% in May and just 0.50% in 2020. The latest monthly update on the U.S. jobs market is due next week, with a couple of important reports on inflation coming the following week. Big Tech stocks were helping to lead the market, as they're seen as some of the biggest beneficiaries from easier yields in the bond market.
Persons: it’s, ”, Brian Jacobsen, doesn’t bode, it's, Brent, Schlumberger, Matt Ott, Elaine Kurtenbach Organizations: Dow Jones, Nasdaq, Nike, Federal Reserve, Treasury, Annex Wealth Management, Wonder Group, Big Tech, Microsoft, Nvidia, Exxon Mobil, AP Business Locations: North America, U.S, Europe, Asia
☆ Stock Market Today: Wall Street Wavers Following Two Weeks of Gains
  + stars: | 2023-09-05 | by ( Associated Press | Sept. | At A.M. | ) www.usnews.com   time to read: +3 min
NEW YORK (AP) — Stocks wavered on Wall Street Tuesday as traders return from a long holiday weekend to face a relatively quiet week. The Dow Jones Industrial Average slipped 43 points, or 0.1%, to 34,792 as of 11:22 a.m. Eastern. Hong Kong’s benchmark fell 2.1%, as investors sold real estate shares which have gained recently following government efforts to support the ailing industry. Wall Street will also get updates on aspects of the manufacturing sector and consumer credit. Analysts are still concerned about the potential for a recession, but those concerns have lessened as inflation cools and the economy remains resilient.
Persons: — Stocks, Kroger, — Elaine Kurtenbach, Matt Ott Organizations: Dow Jones, Nasdaq, Labor, Technology, Microsoft, . Union Pacific, Energy, Chevron, Investors, The Institute for Supply Management, GameStop, Dave, Federal Reserve, Treasury Locations: U.S, Saudi Arabia, Russia, Europe, Asia
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