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As Wall Street awaits the meeting outcome, the benchmark U.S. 10-year Treasury remains well above 3.5%, its highest level since 2011, while the 2-year Treasury note is racing toward 4%.
Shares tanked nearly 14% to cap Friday's session. Also weighing on the sector was Samsung reporting its first profit decline since 2019 , another sign of a troubled chip market.
News that the test slowed the progress of Alzheimer's by 27% compared to a placebo in a clinical experiment also buoyed shares of pharma peers like Eli Lilly , which rose more than 7%.
If not canceled, such shares are referred to as treasury shares. Technically, a repurchased share is a company's own share that has been bought back after having been issued and fully paid. The possession of treasury shares does not give the company the right to vote, to exercise preemptive rights as a shareholder, to receive cash dividends, or ...
Treasury yields continued to surge on sticky inflation data, dragging the market down today. Tech and artificial intelligence (AI) stocks bore the brunt of the sell-off, as the Nasdaq Composite ...
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