Markets
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Treasury yields rise after Fed survey shows banks reported tighter lending standards; inflation data looms
The 2-year Treasury yield rose Monday, extending the gain seen at the end of last week after a stronger-than-expected April jobs report, while investors assessed the latest Fed Senior Loan Officer Opinion Survey for signs that financial institutions have tightened lending standards after the collapse of three U.S. regional banks. What happened Market drivers Yields…
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Potential home buyers are more optimistic for one big reason and how the used-car market could get worse for buyers
Hi, MarketWatchers. Don’t miss these top stories. ‘Uber’s model pushes drivers like me to accept risks’: Uber shareholders reject two driver-safety proposals Uber investors on Monday rejected two proposals related to worker safety and health, the company said after a preliminary tally of votes. Read More Escaping abroad: Tips for buying a second home in…
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GETY Stock Price | Getty Images Holdings Inc. Stock Quote (U.S.: NYSE)
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Yellen warns debt-ceiling breach would have ‘adverse impact’ on U.S. dollar’s status
Treasury Secretary Janet Yellen on Monday warned a breach of the U.S. debt ceiling could cause “financial chaos” and downgrade the status of the U.S. dollar as the world’s reserve currency. Yellen spoke in a CNBC interview a day before President Joe Biden and House Speaker Kevin McCarthy are scheduled to meet at the White…
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Stocks end mixed ahead of inflation data
U.S. stocks posted a mixed finish Monday, struggling for direction as investors weighed a Federal Reserve survey of loan officers for signs of a credit crunch, awaited inflation data due this week and tracked choppy trading in shares of regional banks. A small rise for the Nasdaq Composite, however, was enough to see the index…
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SMG Stock Price | Scotts Miracle-Gro Co. Stock Quote (U.S.: NYSE)
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What does weak stock-market breadth mean for your portfolio? Here’s what one Wall Street analyst found.
It’s an age-old Wall Street adage attributed to legendary market technician Bob Farrell: “Markets are strongest when they are broad and weakest when they narrow to a handful of blue-chip names.” That quote has been bandied about quite a bit recently, having been cited in research notes published by Rosenberg Research founder (and Merrill Lynch…
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Would-be home buyers are more optimistic about the housing market — for one big reason, says Fannie Mae
Consumers expect mortgage rates to drop, so they’re feeling a lot more optimistic about the housing market, according to a Fannie Mae FNMA poll published Monday. After the U.S. Federal Reserve’s rate increase last week, the Fed Chair signaled a potential pause in hikes. Rates dipped after the news, and economists are expecting mortgage rates…
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Nasdaq Composite exits bear market — once again. What history says happens next.
Once more, with feeling. The Nasdaq Composite COMP eked out a gain Monday, but the advance was enough to meet widely used criteria for marking an exit from a bear market. But investors don’t need a long memory to recall that the last such exit from a bear market, on Aug. 10, proved short-lived. The…
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POR Stock Price | Portland General Electric Co. Stock Quote (U.S.: NYSE)
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