The S&P 500 gained 1% on Friday, capping off the last trading day of Biden's presidency and marking the best week since the election.
Christopher Waller. The Nasdaq Composite was down 0.1%. The Dow was down 82 points, or 0.2%, but that was because of UnitedHealth Group’s 4.7% slide, which shaved 155 points off the blue-chip index.
US stock futures rose Thursday, lifted by a fresh slew of earnings releases and a revival of Federal Reserve policy-easing bets.Most Read from BloombergThese Homes Withstood the LA Fires. Architects Explain WhyAs E-Bikes Boom in NYC,
Stocks struggled to make headway after a solid rally, while bond yields dropped on dovish remarks from Federal Reserve Governor Christopher Waller.
Dow Jones Industrial Average futures climbed 80 points, or 0.2%. Contracts tied to the S&P 500 and Nasdaq 100 were also up 0.2%. Bond yields were retreating again after Waller boosted the market ...
The tech-heavy Nasdaq slipped almost 1%, while the Dow Jones Industrial Average and benchmark ... The yield slipped after Federal Reserve governor Christopher Waller said he sees rate cuts in ...
The Fed’s preferred inflation gauge, the personal-consumption-expenditures price index, rose 2.4% in November from a year earlier. Excluding volatile food and energy, the gauge rose 2.8%.
Fed-funds futures traders inched closer to an almost 50% chance that the Federal Reserve will cut its benchmark interest rate by May, after Fed governor Christopher Waller told CNBC he sees a possibility of three to four reductions this year.
Bank of America and Morgan Stanley earnings are out. Follow along for live updates on stocks, bonds and other markets, including the Dow Jones Industrial Average, S&P 500 and Nasdaq Composite.
Bitcoin pulls back from record after president makes no mention of crypto in inauguration speech Things left unsaid during Donald Trump's presidential inauguration speech and accompanying festivities Monday appeared set to give U.
History shows stocks can usually handle a gradual rise in yields just fine, according to analysts at Goldman Sachs. But the S&P 500 has tended to struggle if the 10-year yield moves more than two standard deviations, which would currently be equal to around 60 basis points, or 0.6 percentage points, in a month, they found (see chart below).
SLB helped lead the market after the provider of services to oilfields delivered bigger profit and revenue for the end of 2024 than analysts expected. It jumped 6.1% after it also raised its dividend by 3.6% and said it’s returning $2.3 billion to its investors by buying back its own stock.