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Here's what else happened today: Here's why the bond market is throwing a tantrum that could tank stocks. ... The 10-year Treasury yield dipped one basis point to 4.673%.
The US stock market boom has boosted the wealth of the world's billionaires to $14 trillion, UBS says. In commodities, bonds, and crypto: West Texas Intermediate crude inched lower to $68.46 a barrel.
Markets imply an 86.1% chance the Fed will cut rates by a quarter-point before the end of the year. Oracle shares dropped more than 8% Wednesday after an earnings miss and weaker guidance.
Traders see potential for fewer rate cuts this year after the latest data. ... Stock market today: Indexes close lower as new data clouds rate cut views. Kelly Cloonan. January 7, 2025 at 4:27 PM ...
There was a 3.4% year-over-year increase in US retail sales on Black Friday, with online sales driving the bulk of the gains, according to Mastercard ... Stock market today: Indexes trade mixed as ...
Investors have pared back gains after Thursday's mixed jobless claims data, which sent the 10-year Treasury yield above 4.6% and reached a seven-month high. The rate fell back modestly on Friday.
Stock market today: Indexes edge up to head toward the best week of the year. Matthew Fox. November 8, 2024 at 6:44 AM. ... The 10-year Treasury yield declined 2 basis points to 4.316%.
Traders are still betting on hefty rate cuts by year-end, with markets pricing in a 67% chance the Fed could cut rates 100 basis points or more by December, per the CME FedWatch tool.