U S futures edge higher with stocks on earnings bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
(Bloomberg) Technology shares pushed U.S. stocks down from record highs. Treasury yields increased and crude oil gained. PayPal Holdings Inc. and Nvidia Corp. paced loses in the information technology sector of the benchmark S&P 500 Index, which had fluctuated for much of Wednesday’s trading session as investors weighed earnings from companies including some of the world’s biggest banks. Federal Reserve Chairman Jerome Powell had said economic growth was accelerating, but also warned that risks from a potential spike in Covid-19 cases remain. “We’re going to see a lot of volatility,” said Mike Loukas, president and chief executive officer at TrueMark Investments. “Volatility seems to be the key and somehow when it all comes through the pipeline we end up with record highs.” Elsewhere, Bitcoin retreated after reaching an all-time high, as did Ether, the second-largest digital token, in the wake of the debut by cryptocurrency company Coinbase Global Inc. on the Nasdaq Com
Stocks Drop From Record Highs; Bond Yields Rise: Markets Wrap
This content was published on April 14, 2021 - 20:16
April 14, 2021 - 20:16
(Bloomberg) U.S. stocks retreated after climbing to an all-time high. Treasuries fell with the dollar. Oil rallied.
PayPal Holdings Inc. and Nvidia Corp. paced losses among tech companies in the S&P 500, which had fluctuated for much of Wednesday’s session as traders sifted through earnings from some of the world’s biggest banks. Bitcoin slid in the wake of the debut by cryptocurrency company Coinbase Global Inc. on the Nasdaq.
Read: Goldman, JPMorgan Traders Show the Reddit Crowd How It’s Done
Tech leads stock decline from record; bonds drop - Article bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.
Stocks, Bonds Rise With Inflation Concern Fleeting: Markets Wrap
Bloomberg 4 days ago Vildana Hajric and Claire Ballentine
(Bloomberg) U.S. stocks climbed to record highs and bond yields fell as investors bet that a higher-than-forecast rise in inflation won’t be enough to slow economic stimulus measures.
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The S&P 500 closed at an all-time high even after the U.S. recommended pausing Johnson & Johnson vaccines amid health concerns. The tech-heavy Nasdaq 100 also set a record while the Dow Jones Industrial Average finished in the red. Consumer prices rose more than expected last month but investors speculated the acceleration was not fast enough to warrant any Federal Reserve policy change. The drop in yields weighed on bank shares.