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In commodities, bonds, and crypto: West Texas Intermediate crude oil slumped 1.10% to $73.44 a barrel. Brent crude , the international benchmark, inched up 0.16% to trade at $76.28 a barrel.
In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 3.95% to $80.56 a barrel. Brent crude , the international benchmark, edged up 0.59% to $82.51 a barrel.
Bond yields soared after the Fed's summary of economic projections and Powell's remarks indicated just two rate cuts in 2025. The 10-year Treasury yield spiked 10 basis points to 4.49%.
Yields on government bonds also rose, with the yield on the benchmark 10-year U.S. Treasury note at around 3.617% early Monday, off a couple basis points from Friday's settlement.
Stock indexes retreated as investors digested Thursday commentary from Fed Chair Jerome Powell. The odds of a 25-basis-point rate cut in December fell sharply after Powell's address.
Jobless claims reinforced the Fed's message of a strong labor market, with last weeks's claims down 12,000. Major stock indexes surged to record highs on Thursday, a day after a jumbo rate cut ...
A bitcoin crash could be the stock market's top threat next year, Interactive Brokers chairman says. In commodities, bonds, and crypto: West Texas Intermediate crude oil dropped 1.26% to $69.80 a ...
US indexes edged higher as investors waited for a likely interest rate cut from the Fed. The central bank will wrap up its policy meeting at 2 p.m. ET, with markets pricing in a 50 basis point move.