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Wall Street Roiled by 'Still Sticky' CPI Signals: Markets Wrap

(Bloomberg) — Wall Street got a reality check on Tuesday, with hotter-than-estimated inflation data triggering a slide in both stocks and bonds.  Equities moved away from their all-time highs after the core consumer price index topped estimates and climbed the most in eight months. Treasuries sold off, with two-year yields hitting the highest since before…
United States San Francisco Isabel Schnabel Michael Barr Jeffrey Roach Raphael Bostic

Marketmind: Record S&P500 eyes 5,000, China deflated

Infused with another strong earnings season and calmer bond markets, a record high S&P500 now looks to vault the 5,000 point hurdle for the first time - just as China's worrying deflation deepens into its Lunar New Year break. With U.S. economic growth above 3%, unemployment below 4% and aggregate annual profit growth above 8%, the S&P500 has raced up 21% since late October. Excluding China's ailing market, the MSCI World index of developed economy stocks hit a record on Th...
Red Sea Djibouti General Walt Disney Christina Fincher Frank Elderson Zimmer Biomet
Source: yahoo.com

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Treasury Yields Surge as Hot Jobs Data Dashes Rate-Cut Hopes

(Bloomberg) -- Treasury yields surged after stronger-than-anticipated January employment data strengthened the case for the Federal Reserve to defer cutting interest rates until at least the second quarter.Most Read from BloombergMusk Took Drugs With Some Tesla Board Members, WSJ SaysBiden Swipes at Trump’s Personality in ‘Weirdest Campaign’ YetIraq Says 16 Killed in US Strikes, Calls Security Risk GraveRed Sea Danger Is Spurring Global Oil Buyers to Go LocalShort-dated Trea...
United Kingdom Jerome Powell Lindsay Rosner Christopher Waller Glen Capelo Bloomberg Businessweek
Source: yahoo.com

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