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S&P 500 Hits 5,100 Milestone to Extend Winning Run: Markets Wrap

(Bloomberg) — Stocks struggled to gain much traction, with big tech losing steam after a powerful rally driven by the artificial-intelligence euphoria. A feat of multiple records in the world’s biggest equity market drove the S&P 500 briefly above the historic 5,100 mark. Most members of the “Magnificent Seven” group of megacaps came under pressure…
New York United States United Kingdom Stoxx Europe Jay Barry David Lefkowitz

Stock Rally Wanes After S&P 500 Touches 5,100 Mark: Markets Wrap

(Bloomberg) — Stocks struggled to gain much traction, with big tech losing steam after a powerful rally driven by the artificial-intelligence euphoria. A feat of multiple records in the world’s biggest equity market drove the S&P 500 briefly above the historic 5,100 mark. Most members of the “Magnificent Seven” group of megacaps came under pressure.…
United States New York United Kingdom Elena Popina Jessica Menton Jay Barry

Treasury cuts quarterly borrowing estimate to $760 billion

(Bloomberg) -- The US Treasury reduced its estimate for federal borrowing for the current quarter, a move unexpected by many dealers, helping stoke rallies in bonds and stocks Monday.Most Read from BloombergTraders Line Up for ‘Once-in-a-Generation’ Emerging Markets BetTrump Cash Stockpile at Risk From $450 Million Dual VerdictsBlackstone Is Building a $25 Billion Empire of Power-Hungry Data CentersAmazon Drops iRobot Deal; Roomba Maker Cuts 31% of StaffUS Weighs Response to Deadly...
Bloomberg Businessweek Jay Barry Jpmorgan Chase Co Treasury Department Lou Crandall At Wrightson Federal Reserve
Source: yahoo.com

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Zero-Coupon Treasuries Set Record on Investor Rush to Lock In Yields

(Bloomberg) -- A record amount of zero-coupon bonds were created in December as investors scrambled to lock in US government bond yields that were retreating from multiyear highs.Most Read from BloombergMusk’s Drug Use Concerns Tesla, SpaceX Leaders, WSJ SaysBoeing Slumps After Panel Blowout Leads to Partial 737 GroundingChina Says It Caught Foreign Consultant Spying for UK’s MI6About $13.4 billion of zero-coupon Treasuries were created in December, the biggest monthly total ever, ...
Bloomberg Businessweek Jay Barry Jpmorgan Chase Co Treasury Department Federal Reserve Separate Trading
Source: yahoo.com

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