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S&P Loses Some Spunk as Bond Yields Surge


(MENAFN - Baystreet.ca) The S&P 500 reversed lower in volatile trading on Tuesday, slipping from a record high as rising bond yields kept investors on edge.
The Dow Jones Industrial Average gained 64.35 points to close Tuesday at 31,522.75, eking out a record close.
The S&P 500 lost 2.24 points to 3,932.59.
The NASDAQ Composite demurred 47.97 points to 14,047.50. All three major averages hit record highs earlier in the day.
Energy was the best-performing sector, rising 2.3% as a deep freeze in the South sparked a rally in oil prices and put West Texas Intermediate crude futures above $60 a barrel for the first time in over a year. ....

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Market close: Sharemarket sheds another half per cent


Market close: Sharemarket sheds another half per cent
11 Feb, 2021 04:35 AM
4 minutes to read
There was unusual activity in Z Energy with nine million shares worth $25.24m changing hands. Z Energy s share price slipped 2c to $2.80. Photo / File
There was unusual activity in Z Energy with nine million shares worth $25.24m changing hands. Z Energy s share price slipped 2c to $2.80. Photo / File
NZ Herald
By: Graham Skellern
It was déjà vu on the New Zealand sharemarket. The blue chip stocks were still volatile, trading was again cautious and the market shed another half per cent – having fallen in seven of the ....

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Utilities Up As Volatility Spurs Safe-Haven Demand -- Utilities Roundup


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Shares of power producers rose as a volatile session on the stock market spurred demand for safe havens.
The utility sector has fallen out of favor during the recent stock-market boom, but its reputation as an evergreen industry with little economic exposure gives it some allure in sessions like Wednesday s.
Xcel Energy has reached 10,000 megawatts of wind energy capacity online for customers in the states it serves, thanks to new wind projects in the Upper Midwest, Colorado, Texas, and New Mexico.
Write to Rob Curran at rob.curran@dowjones.com
(END) Dow Jones Newswires ....

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