Equities were mixed with the Nasdaq closing higher Friday, after hitting an intraday high as tech stocks continued to make gains as investors piled into high flying tech stocks ahead of a key week of earnings next week.
Stocks snapped a three-day losing streak overnight, as Tesla soared 22%, racking up its best day in over decade following the electric vehicle maker’s better-than-expected quarterly results.
Despite Tesla impressing the market after the bell, stocks finally succumbed to rising Treasury yields putting pressure on megacap stocks, as investor confidence waned regarding significant rate cuts from the Federal Reserve.
Precious metals continued their bull run overnight as stocks ended slightly lower, recovering the bulk of losses as traders weighed rising Treasury yields and mixed slate of quarterly corporate earnings.
Treasury yields climbed overnight, capping gains in equities, as Fed speakers continue to echo the need for more gradual pace of rate cuts while silver surged to 12-year highs as BRICS conference kicks off today
Stocks finished at record highs for a 6th consecutive week, as investors digested more quarterly corporate earnings, including stronger-than-expected numbers from streaming giant Netflix.
Stocks surges for the 4th session in the last 5, as stronger-than-expected monthly retail sales indicated a robust U.S. consumer and chips stocks were buoyed by TSMC’s upbeat forecast.
US stocks moved higher overnight following a wobble the previous day as chip stocks steadied and investors continued to rotate out of the Mag7 into the broader market.
US stocks followed world stocks lower on Tuesday as weak sales forecast from chipmaker ASML weighed on tech shares, while crude extended its slide due to easing supply worries and weakening demand.
fresh record highs on a Columbus Day affected session, as investors bought into technology stocks ahead of a busy week packed with corporate earnings and crucial economic data.
The S&P 500 and the Dow scored record closing highs on Friday, with the big boosts from financial stocks after banks reported strong quarterly results while the latest inflation data fuelled expectations for a U.S. Federal Reserve rate cut in November.
Stocks fell Thursday as stronger-than-expected inflation data muddied the outlook for Federal Reserve rate cuts, Hurricane Milton hit landfall in Florida and Israel launched an attack on Beirut
