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U.S. stocks turn mixed, with yields hitting tech


U.S. stocks edge higher; yield spike hits tech
Yakob Peterseil and Anchalee Worrachate, Bloomberg News
Notable Calls: Tesla, Air Canada and Square
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U.S. stocks eked out a record, though rising Treasury yields continued to weigh on technology stocks. The dollar jumped.
The S&P 500 closed higher amid rallies in financial and industrial shares as the rotation into value shares resumed. The Nasdaq 100 Index gauge slumped after accelerating vaccinations in the U.S. and the passage of the US$1.9 trillion pandemic-relief bill sent Treasury yields past 1.64 per cent. The Dow Jones Industrial Average added to its all-time high. ....

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Market Rollercoaster Continues As Global Markets Rebound From Tuesday Rout


by Tyler Durden
Wednesday, Mar 03, 2021 - 08:01 AM
Once again market sentiment has reversed violently - or rather the opposite - overnight, with yesterday s late day spoo slump inspired by the short squeeze in Rocket Mortgage - which forced hedge funds to liquidate their best positions - being faded and on Wednesday Emini futures jumped 0.6%, global shares gained with European indexes echoed positive moves in Asia, as a recent retreat in Treasury yields fuelled demand for riskier assets. even though the 10Y has rebounded 5bps to 1.45% overnight as focus again turned back to the stimulus-fueled recovery from the pandemic. The MSCI world equity index gained 0.4% while oil halted its longest losing streak since December. ....

United States , Hong Kong , United Kingdom , City Of , San Francisco , Saudi Arabia , Angela Merkel , Masahiro Ichikawa , Joe Biden , Balfour Beatty , Sebastien Galy , Fabio Panetta , Trieu Pham , Georg Fischer , Hargreaves Lansdown , Olivier Marciot , Toshiya Matsunami , Stoxx Europe , Jim Reid , Baader Helvea , Europe Stoxx , Tim Draper , Taylor Wimpey , Katerina Simonetti , Morgan Stanley , Us Commerce Department ,

Stocks Advance With U.S. Futures; Treasuries Slide: Markets Wrap


Nasdaq Sinks to Two-Month Low as Bond Yields Jump: Markets Wrap
Bloomberg
3/3/2021
Rita Nazareth and Claire Ballentine
(Bloomberg) The renewed bout of Treasury volatility spurred a surge in bond yields on Wednesday, dragging down stocks as investors grappled with concern over stretched valuations.
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A selloff in high-flying giants such as Apple Inc. and Amazon.com Inc. outweighed gains in banks and energy producers. The Nasdaq 100 slumped to a two-month low, bringing its losses from a February peak to about 8%. The S&P 500 extended its slide into a second day, while the Dow Jones Industrial Average outperformed. Benchmark U.S. government yields approached 1.5%, with bonds pricing in the highest five-year inflation expectations since 2008. Traders also assessed data pointing to a slow and uneven economic recovery from the depths of the pandemic. ....

Hong Kong , United Kingdom , City Of , Stoxx Europe , Sebastien Galy , Katerina Simonetti , United States , Exchequer Rishi Sunak , Bloomberg Sin , Nordea Investment , Morgan Stanley Private Wealth Management , Reserve Beige Book , Pacific Index , Market Index , Bloomberg Dollar Spot Index , West Texas Intermediate , ஹாங் காங் , ஒன்றுபட்டது கிஂக்டம் , நகரம் ஆஃப் , கெடேரீந சீமோநேட்தி , ஒன்றுபட்டது மாநிலங்களில் , கருவூலம் ரிஷி சுனக் , ப்ளூம்பெர்க் பாவம் , மோர்கன் ஸ்டான்லி ப்ரைவேட் செல்வம் மேலாண்மை , இருப்பு பழுப்பு நூல் , பெஸிஃபிக் குறியீட்டு ,