|Day's range||2.6380 - 2.6790|
|52-week range||2.5540 - 3.2480|
Jeffrey Gundlach warns that buyers of December's low will accelerate selling when that buy goes underwater.
Wall Street notched its third straight week of gains on Friday, with the Nasdaq clawing out of a bear market, as US-China trade talks continued to buoy investor sentiment. The S&P swung 1.1 higher to 2,775.60, led by the financial sector, which rose 2 per cent. Energy, up 1.6 per cent, and healthcare, up 1.5 per cent, also saw strong gains. The Nasdaq Composite was up 0.6 per cent at 7,472.41, taking the index more than 20 per cent above its December 24 low, which some investors regard as marking an end of the tech-heavy index’s bear market late last year.
U.S. stock indexes clawed most of the way back from an early slide Thursday to finish mostly lower, ending a four-day winning streak for the benchmark S&P 500 index. Losses in banks and retailers and consumer products makers offset gains in health care stocks, technology companies and elsewhere in the market as investors weighed new data showing retail sales slumped in December amid a disappointing holiday shopping season. The Commerce Department reported that December retail sales posted their biggest drop since September 2009.
U.S. government bonds strengthened Thursday as investors favored safer assets amid growing concerns about Europe’s economy. Yields, which fall when bond prices rise, dropped along with stocks after the European Union cut its forecast for eurozone economic growth to 1.3% in 2019 from its earlier estimate of 1.9%. Disappointing European economic data is “weighing on Treasury yields,” particularly as Federal Reserve officials appear increasingly worried that slowing growth abroad could drag on the U.S., said Brian Daingerfield, macro strategist at NatWest Markets.
U.S. government bond prices fell Monday as investors looked ahead to a series of Treasury note and bond auctions this week. The yield on the benchmark 10-year Treasury note rose for a second consecutive trading session, settling at 2.724% from 2.690% Friday. Yields, which climb as bond prices fall, rose as investors faced the prospect of absorbing a fresh supply of three-, 10- and 30-year securities.
Legendary bond fund manager and industry pioneer Bill Gross discusses his legacy, aspirations, and outlook for the bond market.
U.S. stocks and bonds are rallying together, an atypical pattern that some investors worry suggests the January rebound in equities is fated to run up against a painful reversal. The gains are a testament to fresh optimism about the U.S. and China’s trade negotiations, as well as confidence that the Federal Reserve will pause its campaign of raising interest rates while it gauges a slowdown in global growth. The yield on the benchmark 10-year Treasury note, used as a reference for everything from mortgage rates to student loans, has fallen for three consecutive months.
The weekly unemployment claims report showed the number of Americans filing applications for unemployment benefits climbed to near a 1-1/2 year high last week, raising concerns that the labor market could be decelerating.
U.S. government bond prices rose Wednesday after the Federal Reserve held its benchmark interest-rate steady and signaled it will likely leave rates unchanged for some time. Yields, which fall as bond prices rise, drifted higher overnight as U.S. stock futures jumped and an ADP report showed better-than-expected private payroll gains for January. Strong economic data tends to soften demand for Treasurys, whose fixed payments look more attractive to investors when the growth outlook seems shakier. The Federal Reserve held its benchmark interest rate steady Wednesday and delivered its strongest signal to date that the central bank may have reached the end of its latest series of interest-rate increases.
Yields extended their decline later after the Financial Times said the Trump administration turned down an offer to hold preparatory trade talks with China, a report administration officials denied. China’s expansion has fueled demand from commodity exporters, and officials in the country have been trying to generate an environment conducive to stronger consumer spending.
Stocks in the U.S. and Europe jumped Friday as renewed hopes for progress in trade talks between the U.S. and China helped the markets finish the week with another strong gain. Indexes jumped after Bloomberg News reported that China's government offered to buy more goods and services from the U.S., potentially eliminating its trade deficit by 2024. For investors, the encouraging news on trade builds on recent positive signs for the U.S. economy and indications from the Federal Reserve that it will be patient when considering future interest rate hikes.
Chinese stocks rose Friday on signs of possible progress in negotiations over Beijing's tariff war with Washington. KEEPING SCORE: The Shanghai Composite Index advanced 0.8 percent to 2,579.76 and Hong ...
Government data on home construction and retail sales won't be released next week because staffers who compile those reports have been furloughed. The retail sales report provides a snapshot of consumer spending, which fuels more than two-thirds of the economy. With Macy's and Kohl's having said their holiday sales were weaker than expected, a broader gauge of retail spending would have provided important clarity.
Shares extended gains in Asia on hopes for progress in resolving the tariffs battle between the U.S. and China as talks appeared to have been extended in Beijing. KEEPING SCORE: Japan's Nikkei 225 index ...
U.S. government bond prices fell Tuesday amid signs that risk sentiment is improving while the Treasury Department completed the first of three auctions this week. Yields, which rise when bond prices decline, climbed as the Treasury sold $38 billion of three-year notes. The auction, which met with modest demand, was the first of three offerings this week totaling $78 billion—a 39% increase from the same series of auctions last year.
NEW YORK (AP) — Global stocks soared Friday and reversed the big losses they suffered just a day earlier. The Dow Jones Industrial Average rallied 746 points in the latest twist in a wild three months for markets.