Stocks finished lower for a third day due to higher yields, with all three major U.S. indexes ending in the red.
US stocks recover from early losses but end the week with sharp drops as the August slump continues, while investors consider the possibility of higher interest rates and concerns over China's economic troubles.
US stocks may be facing further declines as Thursday's selloff, despite strong earnings from Nvidia, suggests that this year's rally may be "exhausted," according to analysts at Morgan Stanley.
Stocks around the world are starting the week on a positive note, despite the possibility of higher U.S. interest rates, with U.S. futures pointing to a modest boost for indexes at the opening bell.
US equity markets were relatively stagnant last week, with major indexes trading up and down around their 200-day moving averages, indicating a lack of direction and potential resistance, while Treasury markets appeared to stabilize despite an inverted yield curve, suggesting a potential recession on the horizon. Fed Chair Jerome Powell's hawkish speech on Friday emphasized the need for caution and the possibility of higher interest rates, while Nvidia's strong earnings highlighted the company's dominance in the artificial intelligence sector.
U.S. stocks were higher on Wednesday, although the gains were smaller compared to the previous day, as market participants received a cooling labor market update and a downward revision to Q2 economic growth.
US stocks opened higher on Thursday, supported by steady inflation and positive labor market data, with tech-heavy Nasdaq and S&P 500 both up 0.2% and the Dow up 0.4%, while investors anticipate a dovish Fed tilt.
U.S. stock futures decline as bond yields rise despite weak economic news from China and Europe.
U.S. stocks slipped as worrying data out of China and a spike in oil prices following the extension of Saudi Arabian production cuts weighed on the market. The Dow Jones Industrial Average fell 0.6%, while the S&P 500 lost 0.4% and the Nasdaq dipped 0.1%.
Stocks were lower on Tuesday as September began, with oil prices reaching new highs and Treasury yields rising, putting pressure on the market, while traders awaited more economic data to determine the likelihood of another rate hike from the Federal Reserve.
US stocks dropped on Wednesday as fears of more Federal Reserve rate hikes circulated, with Big Tech names like Apple and Nvidia dragging major indexes lower. Boston Fed President Susan Collins warned that further policy tightening could be warranted, while the Fed's Beige Book indicated softer activity growth and a cooling labor market in July and August.
US stocks are experiencing their worst performance in September since 1928, but there are signs that the market could avoid a steep downturn this year, with indicators suggesting more stability and positive gains for the rest of the year, according to Mark Hackett, chief of research at US investment firm Nationwide. However, challenges such as elevated oil prices and inflation could put strain on the stock market and the US economy.
Stocks are drifting on Wall Street, with the S&P 500 slightly higher but on track for its first losing week in three, as concerns over a too-warm economy and higher interest rates continue to weigh on the market.
The U.S. dollar index had its eighth consecutive week of gains, while global stock indexes ended slightly higher before key U.S. inflation data, with concerns that high interest rates may remain in place for longer than expected despite the Federal Reserve likely keeping rates unchanged this month. Longer-dated Treasury yields eased, Apple shares rose slightly after two days of losses, and oil prices increased.
U.S stocks are recovering from losses, with the S&P 500 and Dow Jones Industrial Average both up 0.4%, as tech stocks lead the market higher and investors await key data on inflation this week.
US stocks rose as the dollar fell, with technology stocks leading the way, and Treasury Secretary Janet Yellen expressing optimism about a potential soft landing in the economy.
U.S. stocks opened higher on Monday, as major benchmarks attempt to extend Friday's gains, despite worries over rising Treasury yields and oil prices.
US stocks opened lower on Friday after failing to build on a Thursday rally, as concerns about the world's second-largest economy and a historic strike by the United Auto Workers union weighed on investor sentiment.
US stocks fell on Friday, with the S&P 500 down 0.9%, Dow Jones down 0.5%, and Nasdaq down 1.4%, as concerns about giving up the week's gains outweighed China's improved economic performance, a historic strike by the United Auto Workers, and positive signs of resilience in the US consumer and inflation pressures that make a case for more Fed rate hikes.
US stocks finished the week with losses as major indexes failed to build on a Thursday rally, with concerns about the global economy and a historic strike by the United Auto Workers union weighing on investor sentiment.
U.S. stocks were lower on Tuesday as oil prices and bond yields rose ahead of the Federal Reserve's interest rate decision, with investors watching for guidance on future rate hikes and inflation threats.
U.S. stocks edge lower as investors await the Federal Reserve's decision on interest rates, with uncertainty surrounding the potential for future rate hikes causing volatility in the market.
U.S. stocks fell and Treasury yields surged ahead of the Federal Reserve's interest rate decision, while Instacart shares surged 12% on their first day of trading on the Nasdaq.
US stocks slumped as investors prepare for the Federal Reserve's upcoming interest rate decision, with all three benchmark indexes ending the day lower.
US stocks traded higher on Friday as the S&P 500 and Nasdaq Composite recovered from recent declines, but they are still on track for a third-straight weekly decline due to rising bond yields and a stronger dollar following the Federal Reserve meeting.
Stocks took a hit last week, with the S&P 500 and Nasdaq decreasing, while the dollar shows potential for a major breakout and rising interest rates pose more trouble for stocks.
The surge in the U.S. dollar may pose a challenge for U.S. stocks as they struggle through a losing September, creating headwinds for U.S. multinationals and tightening financial conditions.
US stocks are set for their worst monthly loss of 2023 as bond yields surge on fears of higher interest rates from the Federal Reserve.
The US stock markets broke a four-day losing streak with gains in energy and materials sectors, while the Asian markets saw losses with technology stocks declining and concerns about China's property market stability. European markets opened in the red, awaiting economic data and earnings reports. Crude oil and natural gas prices decreased, while gold, silver, and copper prices fell. US futures and the US dollar index were down.
The U.S. stock market has experienced a decline due to conflicting economic news and a surge in bond yields, which may be driven by factors other than data, such as fiscal deficits and central bank policies.
Stocks ended the day higher as the surge in oil, the dollar, and Treasury yields slowed down, with the Nasdaq rising 0.8%, the S&P 500 gaining 0.6%, and the Dow Jones Industrial Average rising 0.4%.
U.S. stocks and bonds are falling due to another surge in Treasury yields, leading to anxiety among investors who fear that the Fed will hold interest rates higher for longer if the labor market remains strong.
Stocks mostly fell in the U.S. on Friday, with the S&P 500 and Dow Jones Industrial Average declining, while the Nasdaq Composite inched up; all three indexes ended the month of September in the red, with the S&P and Nasdaq experiencing their worst monthly performance since December, and the Dow having its worst showing since February.
U.S. stocks showed mixed performance as Treasury yields rose and a government shutdown was averted, with the Dow Jones Industrial Average down 0.6%, the S&P 500 down 0.3%, and the Nasdaq Composite up 0.4%.
Stocks slip as U.S. crude futures drop and mortgage rates climb, while investors await payroll data for signs of a slowing job market; electric vehicle stocks like Rivian and Lucid are making moves, and the U.S. Dollar Index rises for its 12th consecutive week. European stocks close mixed, and utilities stocks see their worst year in over a decade due to higher bond yields.
Stocks are expected to end the year "significantly higher" despite recent losses, as surging bond yields are not sustainable and are disconnected from the fundamentals, according to Fundstrat's Tom Lee.
The stock market is currently experiencing the most significant U.S. Treasury bond bear market in history, while JPMorgan's Chief Market Strategist predicts potential turbulence and a recession on the horizon; meanwhile, stocks opened lower on Friday morning after the September non-farm payrolls data, and U.S. futures are shaky as traders await the release of the Non-Farm Payrolls report, with experts predicting lower job additions and a potential fall in the unemployment rate.
U.S. stock markets closed higher on Friday due to strong job creation, leading to discussions about a potential Federal Reserve interest rate hike; Asian markets, including Japan, Australia, and China experienced mixed results; European markets were mostly positive; commodities such as crude oil and gold saw an increase in prices; and U.S. futures and forex showed a decline and mixed results respectively.
U.S. stocks opened higher on Tuesday as Treasury yields decreased and the Federal Reserve indicated they may not raise interest rates further, with the S&P 500 rising 0.2%, the Dow Jones Industrial Average adding 0.2%, and the Nasdaq Composite climbing 0.2%.
U.S. stocks rise as Treasury yields fall and Federal Reserve officials provide favorable commentary, with the Nasdaq Composite leading gains.
U.S. stocks are drifting lower and bond yields are rising following mixed economic reports, which provide no clear indication of future interest rate changes.
US stocks fall as fears of war in the Middle East and hopes for stronger profits at big US companies collide in financial markets; oil prices rise and Treasury yields fall, creating uncertainty in the market.
U.S. stocks are set to end higher as investors shift their focus to the upcoming third quarter earnings season, while bond prices decline; cryptocurrencies gain attention with bitcoin rising, and major companies like Goldman Sachs, Johnson & Johnson, Netflix, and Tesla prepare to release their quarterly results.
Stocks rise and bond prices decline as markets focus on corporate earnings and the strength of the U.S. economy, rather than Middle East tensions, signaling a reversal of last week's risk-off sentiment.
US stocks finished the day relatively unchanged as Treasury yields rose on better-than-expected retail sales data, increasing concerns about higher interest rates; the Dow Jones and S&P 500 closed less than 0.1% away from yesterday's close, while the Nasdaq closed around 0.3% lower.
Summary: U.S. stocks closed the week on a low note due to geopolitical concerns, a bond sell-off, economic data, and mixed comments from Federal Reserve speakers, with the focus shifting to upcoming quarterly results, and the Nasdaq Composite and S&P both experiencing significant declines.