S&P 500 slips in volatile trade as surging yields bite
Investing.com -- The S&P 500 fell after swining between gains and losses Monday amid rising Treasury yields as the U.S. averted a government shutdown after agreeing a last-ditch funding measure to keep the government funded.Treasury yields were pushed higher by growing expectations for another Federal Reserve interest rate hike after the U.S. government averted a shutdown.
About 30% of traders expect the fed to lift rates next month, up from about 18% last week, according to Investing.com’sBig tech cut some gains, pressured by rising Treasury yields, the enemy of growth stocks, though remained supported by a rise in Alphabet , up 2%, also helped support the broader tech sector after Goldman Sachs added the chipmaker to its “conviction buy list,” which typically includes the stock that the bank believes is likely to outperform.
The electric vehicle maker, however, kept its full-year production guidance of about 1.8 million unchanged. Tesla will require a “strong 4Q” to hit this number, Wedbush said, adding it sees “better days ahead [for Tesla] for 4Q and 2024.”) gave up some gains to trade less than 1% after acquiring a payment licence in Singapore, paving the way for the crypto exchange to offer digital payment services to individuals and investors in the country.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Dow Jones, Nasdaq, S&P 500 weekly preview: More room for correction in October By Investing.comDow Jones, Nasdaq, S&P 500 weekly preview: More room for correction in October
Read more »
Dow Jones, Nasdaq, S&P 500 weekly preview: More room for correction in October By Investing.comDow Jones, Nasdaq, S&P 500 weekly preview: More room for correction in October
Read more »
S&P 500: 3 Reasons to Remain Optimistic About Q4 in Spite of Current ChallengesMarket Overview Analysis by Investing.com (Ismael De La Cruz) covering: USD/JPY, S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500. Read Investing.com (Ismael De La Cruz)'s latest article on Investing.com
Read more »
S&P 500 Earnings Yield Hits Highest Level Since Mid-May ’23Stocks Analysis by Brian Gilmartin covering: S&P 500, iShares Core S&P 500 ETF, SPDR® S&P 500, S&P 500 Futures. Read Brian Gilmartin's latest article on Investing.com
Read more »
Fatal plane crash carried 500+ pounds of meat and antlers, claiming Rep. Peltola's husbandA small plane that crashed in rural Alaska earlier this month, killing the husband of U.S. Rep. Mary Peltola, was carrying more than 500 pounds of moose meat and antlers from a remote hunting camp when it went down shortly after takeoff.
Read more »
Point Pleasant rolls up 500 yards of offense in take-notice win over Rumson-FHMatt Oliphant and Jake Croce lead Panthers to their fifth-straight win
Read more »