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
Federal Reserve
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
U.S. Stock Futures Show Promise as Borrowing Costs Remain Low
Introduction U.S. stock futures are approaching their peak levels for the year as benchmark borrowing costs remain near their lowest point since the summer. Current Stock-Index Futures Trading S&P 500 futures (ES00) have risen by 10 points or 0.2% to 4778. Dow Jones Industrial Average futures (YM00) have gained 49 points or 0.1% to 37710. Nasdaq-100 futures (NQ00) have … [Read more...] about U.S. Stock Futures Show Promise as Borrowing Costs Remain Low
Gold Prices Reach Record Highs as Treasuries and Dollar Decline
Gold prices are concluding a remarkable year on a positive note, soaring to yet another all-time high as Treasury yields and the dollar continue to decline. This trend is driven by the widespread anticipation of interest rate cuts by the Federal Reserve. According to FactSet, gold for February delivery (GCG24, -0.41%) closed at an unprecedented $2,093.10 per ounce on Comex … [Read more...] about Gold Prices Reach Record Highs as Treasuries and Dollar Decline
The Latest Inflation Reading Disappoints Hopeful Investors
The latest inflation reading is set to disappoint investors looking for evidence that the Federal Reserve will start cutting interest rates as early as March. Inflation on the Rise Despite the recent plummet in gasoline prices, Thursday’s Consumer Price Index report is expected to show headline inflation rose 3.2% year over year in December, according to economists surveyed by … [Read more...] about The Latest Inflation Reading Disappoints Hopeful Investors
