New for subscribers: Santoli’s Thursday market notes: Indexes ease off the gas after two-day runaway rally. Check out CNBCPro today.
This is the daily notebook of Mike Santoli, CNBC's senior markets commentator, with ideas about trends, stocks and market statistics.
Some mild indigestion after a two-day buying binge. Lethargic indexes propped by a few massive growth stocks, profit-taking dragging down most issues as Treasury yields fail to hold an early lift. Overall, some modest spillback from the V bounce off yet another mild pullback and test of the S&P 500's 50-day average.
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.
Novartis profit tops expectations as pandemic impact ebbsSwiss drugmaker Novartis (NOVN.S) beat second-quarter sales and profit expectations on Wednesday, while keeping its 2021 guidance unchanged, as disruption from the coronavirus pandemic waned.
Read more »
Lorde Is 'Stoned at the Nail Salon'The second single off her upcoming album, 'Solar Power,' has arrived.
Read more »
Crocs reports record revenue, raises full-year guidance amid strong demandCrocs reported second-quarter earnings on Thursday that beat.
Read more »
Treasury yields build on rebound as 10-year nears 1.30%Treasurys remain under pressure Thursday, with the yield on the 10-year note rising toward 1.30% after dipping to a five-month low at the beginning of the week.
Read more »
10-year U.S. Treasury yield up as bond rally pausesThe yield on the 10-year Treasury note rises Wednesday, extending a bounce off a five-month low.
Read more »
Wall Street bounces back on renewed economic optimismWall Street ended sharply higher on Tuesday, rebounding from a multi-day losing streak as a string of upbeat earnings reports and revived economic optimism fueled a risk-on rally.
Read more »