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(Bloomberg) — A rally in tech heavyweights lifted the broader stock market, with the group’s high-stakes earnings seen by Wall Street investors as a major test of the bull run in equities. In late hours, Tesla Inc. soared as the electric-vehicle giant said it will accelerate the launch of more-affordable models — and chief Elon…
(Bloomberg) -- Investors dumped real estate stocks after a hotter-than-expected US inflation reading quashed expectations for an imminent break from elevated interest rates. Most Read from BloombergUS Sees Missile Strike on Israel By Iran, Proxies as ImminentUS Slams Strikes on Russia Oil Refineries as Risk to Oil MarketsUS Inflation Refuses to Bend, Fanning Fears It Will StickChinese Cement Maker Halted After 99% Crash in 15 MinutesS&P 500 Hit by Fed-Pivot Rethink and War Jitters: Markets WrapA
Rising Treasury yields could provide the latest test for a rally that has made U.S. stocks increasingly expensive while taking them to fresh record highs.... -April 03, 2024 at 01:03 am EDT - MarketScreener
Strong economic data is whittling away at expectations for how much the central bank will cut rates this year
The Institute for Supply Management (ISM) said its manufacturing PMI increased to 50.3 last month, the highest and first reading above 50 since September 2022, from 47.8 in February.