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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.
Bond market sentiment 'could scarcely be worse' heading into 2025, research firm says. The US stock market will be closed on January 9 in honor of Jimmy Carter.
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 ...
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 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.
Stocks posted solid gains as Wall Street put the finishing touches on one of its best months of the year. The S&P 500 rose 0.6% while the Dow Jones Industrial Average gained 0.4%. Friday was an ...
Investors are pricing in a 69% chance the Fed is still on track to cut rates two more times this year, but odds for a rate cut in January have fallen to 45%, down from 66% a week ago, according to ...