U.S. stocks bounce back; bond yields climb on Fed bets - BNN Bloomberg

The S&P 500 erased losses in afternoon New York trading. The tech-heavy Nasdaq 100 underperformed major equity benchmarks. Two-year rates climbed to around 4.2 per cent as investors scaled back expectations for rate cuts later in the year.

Richmond Fed President Thomas Barkin said he wants to see more evidence that U.S. inflation is easing back to the central bank's goal of two per cent. New York state manufacturing activity unexpectedly expanded in April for the first time in five months as new orders and shipments snapped back. Charles Schwab Corp. rose as executives said the firm can weather the turmoil roiling U.S. banks, while pausing stock buybacks in response to the industry's worst crisis since 2008. State Street Corp. fell as it reported clients retreated from its investment products.

“The current season's earnings profile is rather opaque,” said Peter Kinsella, head of FX strategy at Swiss asset manager UBP. “The banks last week did better than expected, but we have to see what the reporting season will be like from everyone else. But the S&P is expensive at current levels so you have to ask yourself if there is really much material upside from here.”U.S.

Switzerland Neuesten Nachrichten, Switzerland Schlagzeilen

Similar News:Sie können auch ähnliche Nachrichten wie diese lesen, die wir aus anderen Nachrichtenquellen gesammelt haben.

Consumer stocks’ earnings may offer clues on U.S. economy’s resilienceInvestors are awaiting earnings reports from consumer discretionary companies
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

U.S. stocks fluctuate as investors brace for earnings - BNN BloombergEuropean stocks and U.S. equity futures were little changed Monday ahead of a slew company earnings that should provide a barometer of corporate health and the recession threat.
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

The most oversold and overbought stocks on the TSXA look at equities with price momentum in both directions
Herkunft: globeandmail - 🏆 5. / 92 Weiterlesen »

Financial stocks to buy outside the banking sector: portfolio manager - BNN BloombergWhen hunting for investment opportunities, one portfolio manager likes to focus on the financial sector, as few companies often own a large amount of the market share, he said. Why is 80% of the content on BNN focus on US stocks. I find it hard to believe that 80% of the viewers are actually interested in buying US stocks with an exchange rate of 35 cents on the $
Herkunft: BNNBloomberg - 🏆 83. / 50 Weiterlesen »

Unlock early retirement goals: 3 dividend growth TSX stocks provide consistent payout hikesSo what happens to your dreams of early retirement in these economic times? Here are three plays that have healthy, consistent payouts
Herkunft: calgaryherald - 🏆 64. / 52 Weiterlesen »

Unlock early retirement goals: 3 dividend growth TSX stocks provide consistent payout hikesSo what happens to your dreams of early retirement in these economic times? Here are three plays that have healthy, consistent payouts
Herkunft: nationalpost - 🏆 10. / 80 Weiterlesen »