Stay updated with breaking news from ஜிம் ரீட். Get real-time updates on events, politics, business, and more. Visit us for reliable news and exclusive interviews.
Stocks Plunge, Commodities Tumble, Dollar Soars On Global Risk-Off Wave zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.
(Bloomberg) U.S. stocks lingered near all-time highs and Treasury yields declined after a report showed consumer sentiment fell to the lowest level in nearly a decade. The dollar weakened and crude oil slumped. The S&P 500 set another intraday record high before turning little changed, with consumer staples and communication services stocks such as Netflix and Walt Disney leading the gains. Financial and energy sectors declined. The benchmark index has almost doubled since the pandemic lows reached in March 2020, with the energy sector the biggest gainer during that period. Disney jumped after its streaming subscriptions beat estimates. European stocks posted the longest winning streak since 1999. “The market’s pushing all of this bad news away,” said Matt Forester, chief investment officer of BNY Mellon’s Lockwood Advisors. Still, the U.S. equity rally slowed after data showed the University of Michigan’s preliminary sentiment index fell by 11 points to 70.2, the lowest si ....
(Bloomberg) U.S. stocks eked out another all-time high and Treasury yields declined after a report showed consumer sentiment fell to the lowest level in nearly a decade. The dollar weakened and crude oil slumped. The S&P 500 closed at a record for fourth consecutive session while trading within a 0.2% range Friday. The consumer staples and real estate sectors led gains, while energy and financial shares declined. The benchmark index has almost doubled since the pandemic lows reached in March 2020, with the energy sector the biggest gainer during that period. Walt Disney rose after its streaming subscriptions beat estimates. European stocks posted the longest winning streak since 1999. “It’s just a quiet summer Friday,” said Matt Maley, chief market strategist for Miller Tabak + Co. “Most of the earnings season is behind us. Therefore, people are just taking a breath after a nice rally.” The U.S. equity rally slowed Friday after data showed the University of Michigan’s pre ....
Friday 13th Futures Hit New All-Time High, Europe Set For 10th Straight Record Close zerohedge.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from zerohedge.com Daily Mail and Mail on Sunday newspapers.