The US was the worst-performing of the major Group of Seven economies in the second quarter, the latest data show. The UK Office of National Statistics on Friday released the G-7 comparison alongside reporting the British economy shrank by a 0.1% rate in the April-to-June period. On the quarterly basis that most countries outside the … Read more
Most Treasury yields were lower Friday morning after the release of data showing that US consumer sentiment has risen this month but remained mired near an all-time low. What yields are doing The yield on the 2-year Treasury note TMUBMUSD02Y, 3.248% rose to 3.24% from 3.227% at 3 pm Eastern on Thursday. The 10-year Treasury … Read more
Before passing out cigars in celebration of the birth of a baby bull market for the Nasdaq Composite, investors might want to take a look back at history. Sure, the tech-heavy gauge ended Wednesday up 20.8% from its 2022 closing low of 10,646.10 set on June 16. A rise of 20% from a recent low … Read more
Wednesday’s release of the consumer-price index report for July contained enough downside surprises to give stock investors hope that the worst of inflation may be behind. Yet an undercurrent of worry remained at big-name firms like PIMCO, where the focus was on stickier components of the data that may only get worse. According to PIMCO … Read more
Treasury yields were flat to slightly higher Wednesday as investors weighed data on the US services sector, more remarks by Federal Reserve officials and awaited jobs data. A key measure of the Treasury yield curve moved further into inversion as short-dated rates rose, underlining recession worries. What yields are doing The yield on the 2-year … Read more
The numbers: Job openings in the US fell to 10.7 million in June to mark the lowest level since last fall, signaling that a red-hot labor market is cooling off a bit as the economy slows. Job openings slipped from 11.3 million in May. They have dropped three months in a row after peaking in … Read more
US stocks edged lower Tuesday, hurt by Walmart Inc. cutting profit guidance ahead of a wave of corporate earnings reports this week, while the International Monetary Fund warned of the potential for a sharp global slowdown. What’s happening The Dow Jones Industrial Average DJIA, -0.33% fell 90 points, or 0.3%, to 31,900. The S&P 500 … Read more
Stock-market bulls are poking their heads above the parapet, declaring the lows in for the 2022 selloff as indexes extend a bounce off their June lows, while skeptics still see little evidence of more than a bear-market bounce. The S&P 500 SPX, -0.93% fell 0.9% Friday to close at 3,961.63, but scored a weekly rise … Read more
Long-dated US bond yields fell to their lowest levels in almost two months on Friday, while posting their second straight week of declines, on growing concerns the economy could tip into recession. What’s happening The yield on the 2-year Treasury note TMUBMUSD02Y, 2.990% declined 10.6 basis points to 2.989% from 3.095% as of Thursday afternoon. … Read more
Small-cap stocks had a big day on Tuesday. The Russell 2000 RUT, +3.50%, a benchmark index for small-cap stocks made up of the 2,000 smallest stocks in the broad Russell 3000 RUA, +2.83%, jumped 3.5% to close at 1,799.33. That was its biggest one-day rise since Jan. 6, 2021, and its highest close since June … Read more
