Stocks Fluctuate on Rising Bond Yields

Treasury Yields Rise, Tesla Jumps On Cheaper Model Pledge, Yen Plummets To 34-Year Lows: What's Driving Markets Wednesday?

The S&P 500 fell 0.4% in midday trading in New York. The yield on the 30-year Treasury bond has surged to 4.79%, the highest level since early November. The Japanese yen tumbled to the lowest level since June 1990. Tesla Inc. Posted lower-than-expected results last quarter, but shares rose 10%.

Stocks Lower on Rising Bond Yields

Stocks Settle Mixed on Rising Bond Yields and Tech Strength

US stock indexes on Wednesday settled mixed, with the S&P 500 and Nasdaq 100 posting 1-week highs. Strength in technology stocks was supportive of the overall market, but rising bond yields pressured stocks. Tesla rose more than +12% despite reporting weaker-than-expected Q1 earnings. Q1 corporate earnings take center stage this week with 180 companies scheduled to report.

Advanced Durable Goods Shipments March 2024: Pushing Fed Further To Sideline

U.S. Economy in a "no-landing" scenario, with strong growth and accelerating inflation. Real Advanced Durable Goods Shipments grew by 0.28% in March, with growth in Core Durable goods accelerating by 1.05%. James Kostohryz: Census Bureau report provides further reason for the Fed to postpone any rate cuts. He provides an in-depth analysis of the latest durable goods data for March 2024.

Battle Lines Drawn: Major Lawsuit Challenges FTC’s Noncompete Clause Ban

The U.S. Chamber of Commerce has filed a lawsuit against the FTC's ban on noncompete agreements. The FTC's new rule prohibits employers from requiring employees to sign agreements restricting them from joining competitors. The ban is set to take effect in August 2024. The Chamber argues the FTC is overstepping its authority to implement the rule.

Stocks Mixed on Rising Bond Yields

US stock indexes are mixed, with the Nasdaq 100 posting a 1-week high. Strength in technology stocks is supportive of the overall market. Tesla is up more than +11% despite reporting weaker-than-expected Q1 earnings. European government bond yields today are higher. The S&P 500 and Dow Jones are down on rising bond yields.

Strong Tech Earnings Lift Stocks

US stock indexes are mixed, with the S&P 500 and Nasdaq 100 posting 1-week highs. Strength in technology stocks is leading the broader market higher. Tesla is up more than +12% despite reporting weaker-than-expected Q1 earnings. Overseas stock markets are higher. Q1 corporate earnings take center stage for stocks this week.

Stocks Rally On Weaker PMI Data, Tech Earnings Optimism, Dollar Falls: What's Driving Markets Tuesday?

The S&P 500 rose 1.2% in midday trading on Tuesday, its best performance in over a month. The Nasdaq 100 outperformed the broader market, up 1.5%. Economic data indicated a deceleration in private sector growth in April. Fears for a potential Federal Reserve rate cut by the end of the summer jumped to 72% from 67% on Monday.

Stocks Finish Higher as Q1 Earnings Impress

US stock indexes closed moderately higher on Tuesday. Better-than-expected Q1 earnings results supported stocks Tuesday. Globe Life closed up more than +14% after raising its full-year earnings estimate. US Apr S&P manufacturing PMI report unexpectedly contracted, knocking bond yields lower. Overseas stock markets in Europe closed mixed; Euro Stoxx 50 rose to a 1-week high.

The Next Fed Meeting And The Potential Impact On 2024 Equity Returns

Federal Reserve's upcoming FOMC meeting will have a significant impact on the equity market and stock prices. I don't expect an interest rate cut at the meeting and see a possibility for higher 10-year rates in the next 1-2 years. I see a gloomy return profile for the S&P 500 index in 2024.

Stocks Find Support on Q1 Earnings and Lower Bond Yields

US stock indexes this morning are moderately higher, with the Dow Jones Industrials climbing to a 1-1/2 week high. Better-than-expected Q1 earnings results are supporting stocks today. Danaher is up more than +6% after reporting better than expected Q1 sales. The US Apr S&P manufacturing PMI report unexpectedly fell to a 4-month low. Stocks extended their gains after a weaker- than-expected PMI knocked bond yields lower. European stock markets are mixed; European government bond yields are moving higher.

April PMI Data: U.S. Economy Cools Amid Mixed Inflation Signals

In April, the pulse of U.S. Business activity slowed to the slowest expansion in four months. Both manufacturing and services sectors saw weaker growth, with employment declining for the first time since June 2020. This cooling in activity has coincided with slightly eased inflation rates. The Federal Reserve will be monitoring the signs of economic cooling.

Stocks Climb as Q1 Earnings Roll In

US stock indexes this morning are moving higher on better-than-expected Q1 earnings results. General Electric is up more than +4% after raising its full-year operating profit estimate. European stock markets are mixed. European government bond yields today are moving up. The S&P 500 Index is up +0.87% and the Dow Jones industrials index is up 0.67%.

Stocks Settle Higher on Q1 Earnings Optimism

Stocks Soar with Earnings on Tap

Why AI Stocks Could Go Boom

The S&P 500 Index is experiencing a correction, with a potential 10% pullback to around the 4,800 level. Yet, the bottom is likely near. High-quality AI-related stocks have corrected significantly, providing a buying opportunity for the next move higher. The Fed will likely cut rates soon, which is a constructive dynamic for stocks.

Stocks Set To Snap Worst Losing Streak In Nearly 2 Years, Gold Sinks, Bitcoin Reclaims $66,000: What's Driving Markets Monday?

Major U.S. Stocks are poised to break a six-day losing streak. At noon trading in New York on Monday, major indices all traded higher. Easing geopolitical tensions in the Middle East bolstered market sentiment. Gold plunged 2.5% to $2,330 per ounce, while silver tumbled 5%. Bitcoin rose above $66,000, on track for its highest close in a week.

3 Energy Stocks to Buy Pre Earnings

Overlook Style Regimes At Your Peril

Home Investing Strategy Portfolio Strategy Overlook Style Regimes At Your Peril. Style regimes constitute one of investors’ largest risk factors. After 15 years of dominance of the growth style, investors want to see rotations between styles. Richard Drury: Style returns are powerful currents that investors may have overlooked.