‘Bothersome’ rebound in US yields casts shadow on stocks at record highs
Treasury yields are on the rise again, presenting a potential obstacle to a U.S. stock rally that has taken major indexes to record highs. The benchmark 10-year Treasury yield , which moves inversely to bond prices, hit nearly 4.64% this week, its highest level in about a month. It was at 4.55% late on Thursday. […]
Microsoft, Apple, and Nvidia in race to hit $4 trillion market cap – Wedbush
Microsoft, Apple (NASDAQ:AAPL) and Nvidia (NASDAQ:NVDA) will be in a race over the next year to hit a market capitalization of $4 trillion thanks to surging enthusiasm over the capabilities of artificial intelligence, according to analysts at Wedbush. At the end of trading on Friday, software titan Microsoft (NASDAQ:MSFT)’s market value had stood at $3.29 […]
Citi: US equities upgraded on ‘growth-oriented’ nature
Citi analysts downgraded European equities to neutral and upgraded their stance on the US in their latest global equity strategy note. Citing increased political risks and narrowing market leadership in Europe, they see the US as a more attractive option in the near term due to its “growth-oriented” nature and defensive qualities. “Near-term risks for […]
Crop woes may lead Russia to focus on traditional grain buyers
Russia may narrow the spread of its grain exports in the new season due to crop problems, keeping supplies to its traditional markets, VTB (VTBR.MM), opens new tab board member Vitaly Sergeуchuk said. Frosts have damaged crops in many regions this year while there has also been a drought in some areas, leading analysts to downgrade forecasts […]
GameStop shares slide 12% following Friday’s 40% sell-off
GameStop shares fell about 12% on Monday as the meme stock extended Friday’s sell-off sparked by a dismal earnings report and an uninspiring livestream from Roaring Kitty. The video game company’s stock declined to about $25 apiece on Monday after falling nearly 40% on Friday alone. GameStop released its earnings report days ahead of schedule, reporting that […]