Gold futures are experiencing a downward trend as better-than-expected U.S. jobs data strengthens U.S. Treasury yields and the dollar. This has dampened investor interest in gold and is setting prices on track for their first weekly loss in a month. Weekly Loss in Gold Prices Gold for December delivery (GC00, -1.32% GCG24, -1.32%) has fallen by $22.90, or 1.1%, bringing the … [Read more...] about Gold Futures Head Lower as U.S. Jobs Data Boosts Treasury Yields
Technology Stocks Rise on Mixed Jobs Data
Technology companies saw an increase in their stock prices as the latest jobs data created speculation that the Federal Reserve may begin cutting interest rates. The Labor Department reported that employers added 199,000 jobs last month, a slower rate compared to earlier in the year but consistent with pre-pandemic levels. After excluding the impact of autoworker strikes, the … [Read more...] about Technology Stocks Rise on Mixed Jobs Data
The Catalyst for the Stock Market: Earnings
It has been a relatively uneventful week for the stock market, leaving both bulls and bears searching for a catalyst. While the S&P 500 finished the week with a modest 0.2% gain, the Dow Jones Industrial Average remained essentially flat and the Nasdaq Composite saw a small rise of 0.7%. The much-anticipated November jobs report, which was expected to have a significant … [Read more...] about The Catalyst for the Stock Market: Earnings
Sigma Healthcare to Merge with CW Group, Creating an A$8.8 Billion Company
Sydney -- Sigma Healthcare, an Australian drug supplier, has announced its agreement to merge with CW Group, a privately-owned pharmacy operator. This merger will create a new listed company worth more than A$8.8 billion (US$5.79 billion). Under the terms of the merger, Sigma will pay A$700 million in cash and issue new shares to CW Group, allowing the latter to own 86% of the … [Read more...] about Sigma Healthcare to Merge with CW Group, Creating an A$8.8 Billion Company
U.S. Treasury Yields Rise as Investors Brace for Busy Week
The yields on U.S. Treasury notes have been gradually increasing, as investors prepare for a significant week of economic events and two government paper auctions. Key Updates: The yield on the 2-year Treasury rose by 1 basis point to 4.74%. This follows a significant jump of 14.7 basis points on Friday, marking the largest one-day increase since June. Remember, yields move in … [Read more...] about U.S. Treasury Yields Rise as Investors Brace for Busy Week
