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Here's why it's time for the software sector to shine, according to Bank of America. In commodities, bonds, and crypto: West Texas Intermediate crude oil rose 3.95% to $80.56 a barrel.
The Dow Jones Industrial Average was down nearly half a percent at the close, while the Nasdaq Composite Index, which contains more technology stocks, cut early losses to close just 0.2% lower ...
Both stocks and bonds are selling off right now, a shift from their past relationship. Until the last few weeks, stocks had continued to climb to new records as bond prices fell.
Megacap tech stocks led the drop, with Apple shares down more than 3% for their worst daily drop since August. Tesla similarly fell 3%, while Nvidia dropped almost 2% and Alphabet lost more than 1%.
Meanwhile, stock investors are still awaiting a "Santa Claus rally," a five-day trading stretch marked by big gains at the year's end. Here's where US indexes stood shortly after the 9:30 a.m ...
The Dow managed to narrowly snap a 10-day losing streak, giving up most of its earlier gains to end slightly higher after Wednesday's 1,100-point drop.
U.S. stocks fell Friday as investor sentiment turned gloomy. The Dow Jones Industrial Average closed more than 300 points lower, while the Nasdaq Composite Index, which contains more technology ...
The reduced expectations for 2025 rate cuts sent Treasury yields rising in the bond market, squeezing the stock market. The yield on the 10-year Treasury rose to 4.51% from 4.40% late Tuesday ...