Stocks snapped a six-day win streak, as the tech rally took a breather, while multi decade highs in global 20Y-30Y bond yields cast a dark shadow over the cost of capital long term. Japanese 20Y yields surged to 25 year highs, while 30Y bonds hit record levels.
Stocks eked out a small gain overnight as retail investors shrugged off warnings from Ratings agency, Moodys, about the spiralling US Government debt.
Stocks climbed Friday, notching a big weekly gain, after shrugging off an unexpected dip in consumer sentiment as ongoing optimism about the recent U.S.-China trade continues to support sentiment. However, rating agency, Moodys removed the US AAA rating after the bell sending futures lower
The S&P 500 rose for a fourth consecutive session, gaining 0.41% to close at 5,916.93, as easing U.S.-China trade tensions and falling Treasury yields lifted market sentiment. The Dow Jones Industrial Average advanced 271.69 points (+0.65%) to 42,322.75, while the Nasdaq Composite edged down 0.18% to 19,112.32 despite strong tech performance earlier in the week.
Stock squeezed out a small gain, led by tech, a day after turning positive for the year amid ongoing optimism surrounding the U.S.-China trade deal.
Stock closed slightly higher overnight as data showing inflation slowed in April supported bullish sentiment on risk just days after the U.S.-China trade deal agreement.
Stock market investors rejoiced overnight with the major indices soaring 3%+ after the White House announced an easing of escalated tariffs and agreeing to a 90 day “truce”, easing fears of prolonged trade war.
Stocks drifted lower Friday night as global markets remained on edge as high-level U.S. and Chinese officials meet in Geneva for the first substantive talks.
Stocks rallied over night as President Trump announced a trade deal between the U.S. and the U.K., which he described as the “first of many,” stoking hopes for a flurry of trade deals ahead.
Stocks swung between gains and losses before closing higher overnight, as rise in chip stocks helped offset a slump in Alphabet and the Federal Reserve hawkish pause.
Stocks drifted lower overnight as investors mulled the lack of updates on U.S.-China trade progress and awaited the Federal Reserve rate decision due tomorrow morning.
Stocks snapped a nine-day winning streak, driven by a fall in energy and caution as traders awaited an update on trade deals as US ports empty and investors await the Fed decision due later this week.
