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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.
Here's what else happened today: Here's why the bond market is throwing a tantrum that could tank stocks. 4 parts of everyday life where Americans will feel surging bond yields .
Americans in the survey said they became more upbeat over recent stock market gains and lower interest rates, while signaling plans to purchase big-ticket items in the near future.
Here's what else happened today: Disney said it will appoint Bob Iger's successor as CEO by early 2026. Goldman Sachs said investors should prepare for a decade of muted returns in the stock market.
The market's positive open follows four consecutive days of losses in the final trading days of 2024. Still, the S&P 500 surged 23% to notch back-to-back annual gains of over 20%.
The bond market sold off Monday in response, and the 10-year Treasury yield jumped 11 basis points to hover at 4.2% on Tuesday. On Tuesday. That marks the key bond yield's highest level in three ...
The report also follows revised jobs data from Wednesday, which showed the US added 818,000 fewer jobs between April 2023 and March 2024 compared to initial reports.
Nvidia stock jumped after CEO Jensen Huang looked to address key investor concerns. The market is acting like Harris won the presidential debate last night. The AI theme in stocks is "overcooked ...