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Global stock index falls, bond yields rise ahead of rate decisions
  • December 13, 2024

Global stock index falls, bond yields rise ahead of rate decisions

NEW YORK/LONDON (Reuters) -MSCI's global equity gauge fell on Friday while bond yields climbed as investors waited for clues about the future path for interest rates from next week's U.S. Federal Reserve meeting. In U.S. Treasuries, benchmark 10-year yields rose to a three-week high and were on track for their fifth-straight daily gain as investors bet that Fed Chair Jerome Powell will signal a pause in policy easing after a widely expected 25-basis-point rate cut next Wednesday. The U.S. central bank is grappling with inflation staying stubbornly above its 2% annual target.

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Day-Trader Spirits Prove Hard to Kill at Market’s Riskiest Edges
  • December 13, 2024

Day-Trader Spirits Prove Hard to Kill at Market’s Riskiest Edges

(Bloomberg) -- A five-day runup in Treasury yields finally tamped down the post-election fervor in big US stocks this week. Not so at the market’s speculative edges, where Bitcoin and its memed-up cousins keep testing the limits of speculative zeal.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsAs they have

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US stocks close flat as Nasdaq extends weekly gains, S&P 500 and Dow dip
  • December 13, 2024

US stocks close flat as Nasdaq extends weekly gains, S&P 500 and Dow dip

U.S. stocks closed out the trading week near the unchanged mark in a subdued session on Friday, with the S&P 500 and Dow posting weekly declines, while the Nasdaq secured its fourth consecutive week of gains. Chip stocks were mixed, with Broadcom rival Marvell Technology rising 10.8%, while AI bellwether Nvidia closed 2.2% lower. Yields on U.S. Treasuries rose across the board, with ones on the benchmark 10-year bond hitting a three-week high.

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Brazil Central Bank Steps In to Cap Market’s ‘Unhinged’ Week
  • December 13, 2024

Brazil Central Bank Steps In to Cap Market’s ‘Unhinged’ Week

(Bloomberg) -- Brazil markets fell on Friday, capping a turbulent week for Latin America’s largest economy that saw its currency post some of the sharpest gains — and some of the sharpest losses — among global peers in the aftermath of an outsize interest rate hike and President Luiz Inacio Lula da Silva’s sudden health crisis.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfBrace for a Nationwide Shuffle of Corporate Headquar

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Stock market today: Wall Street ends mixed after a bumpy week
  • December 13, 2024

Stock market today: Wall Street ends mixed after a bumpy week

Major stock indexes on Wall Street drifted to a mixed finish Friday, capping a rare bumpy week for the market. The benchmark index posted a loss for the week, its first after three straight weekly gains. The Dow Jones Industrial Average slipped 0.2%, while the Nasdaq composite rose 0.1%, ending just below the record high it set on Wednesday.

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Wall Street Weighs ‘Hawkish Cut’ While Tech Shines: Markets Wrap
  • December 13, 2024

Wall Street Weighs ‘Hawkish Cut’ While Tech Shines: Markets Wrap

(Bloomberg) -- This year’s frontrunners, big technology stocks, set a record while Treasuries sank as investors braced for a slowdown in the pace of the Federal Reserve’s interest-rate cuts ahead of a meeting next week.Most Read from BloombergHong Kong's Expat Party Hub Reshaped by Chinese InfluxHow California Sees the World, and ItselfBrace for a Nationwide Shuffle of Corporate HeadquartersCity Hall Is HiringAmerican Institute of Architects CEO ResignsThe Nasdaq 100 climbed for the fourth week

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