The Dow Jones Industrial Average edged up 0.1%, and the Nasdaq composite slipped 0.3%. Treasury yields were also mixed after a report said the inflation that U.S. consumers felt last month was exactly as economists expected. That strengthened expectations that the Federal Reserve will cut interest rates for a third time this year in about a month and sent short-term Treasury yields lower.
US stocks (^DJI, ^IXIC, ^GSPC) close out the trading day mixed, the Nasdaq Composite down just a smidge above a quarter of a percent as markets took in inflation data from October's Consumer Price Index (CPI). Market Domination Overtime's Julie Hyman and Yahoo Finance markets and data editor Jared Blikre recap the day's market moves, taking a closer look at the volatility index (^VIX), the 10-year Treasury yield (^TNX), and the intraday performance of leading tech stocks. To watch more expert insights and analysis on the latest market action, check out more Market Domination Overtime here. This post was written by Luke Carberry Mogan.
The Nasdaq Composite was down 0.3%. The consumer price index for October rose at a 2.6% annual rate, which was in line with economist expectations. The yield on the 2-year Treasury note was down to 4.281%, reflecting growing odds the Federal Reserve finds room to cut by a quarter-point at its December policy meeting.
Money pros recommend small-cap stocks and utilities, among other investments, to play Donald Trump’s return to the White House.
The 2024 election has boosted U.S. stocks to fresh highs, but the same can’t be said for the rest of the world. The S&P 500 was mostly unchanged on Wednesday after jumping nearly 5% since the Monday before the 2024 election. As BTIG Chief Market Technician Jonathan Krinsky points out, the FTSE All-World ex-U.S. index is down 2.6% in that span.
By Thomas Escritt and Sarah Marsh BERLIN (Reuters) -Chancellor Olaf Scholz on Wednesday appealed to parties to pass measures such as raising child benefits and lifting tax...
Bridgewater Associates co-chief investment officer Karen Karniol-Tambour joined Yahoo Finance Senior Reporter Jennifer Schonberger at Yahoo Finance Invest to analyze market dynamics ahead of President-elect Trump's White House return. "I think the stock market is a good thing to hold right now," Karniol-Tambour told Yahoo Finance. However, she notes that some market segments currently have stretched valuations and emphasizes the importance of portfolio diversification. "I both think the stock market's attractive and on the margin, the next trade people need to make is usually to something else for more diversification," she explains. To see every interview from Yahoo Finance Invest, click here. Watch the full interview with Karen Karniol-Tambour here. This post was written by Angel Smith
It’s been a choppy session for the stock market as Wall Street digests the latest inflation data. The Nasdaq Composite was down 0.1%. The yield on the 2-year Treasury note was down to 4.286% as the bond market reacted to a consumer price index that matched expectations.
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