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Stocks Drop From Record Highs; Bond Yields Rise: Markets Wrap

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

Stocks Retreat After All-Time Highs; Yields Climb: Markets Wrap

Stocks Retreat After All-Time Highs; Yields Climb: Markets Wrap
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Stocks Retreat After S&P 500 Record as Risks Loom: Markets Wrap

(Bloomberg) Technology shares led U.S. stocks lower before earnings and an influx of bond supply that loom as speedbumps to a roaring rally. The communication services and information technology sectors pushed the S&P 500 into negative territory in the wake of a third straight week of gains for the benchmark index. In Europe, retailers and travel companies led declines on the Stoxx Europe 600 Index. The yield on 10-year Treasuries ticked higher before a round of auctions that will be widely watched for their potential to extend the rate surge that’s shaken stocks to commodities to emerging markets this year. The U.S. sells three-, 10- and 30-year Treasuries at the start of the week. “While the outlook for stocks is positive, the scenario where we get materially higher prices is getting pretty ‘perfect,’ and while it can happen, it usually doesn’t,” Tom Essaye, the founder of “The Sevens Report” newsletter, wrote to clients. While the U.S. recovery is accelerating, par

Tech Pushes Stocks to Record High; Crude Oil Falls: Markets Wrap

Tech Pushes Stocks to Record High; Crude Oil Falls: Markets Wrap
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