Jay Hatfield, founder, CEO and portfolio manager at Infrastructure Capital Advisors, joins BNN Bloomberg to discuss his outlook for stock markets during the sec
Traders have also started ramping up bets that the U.S. Federal Reserve will have to cut interest rates sooner than expected to sustain the U.S. economy. Yields on two-year Treasuries dropped seven basis points to 4.35 per cent. The yen rallied more than one per cent on bets the rate gap between Japan and the U.S. will shrink.
Still, the most dramatic moves have been in high-flying chipmakers, with investors taking profits after this year’s massive rally. STMicroelectronics NV and BE Semiconductor Industries NV both sank more than 10 per cent in European trading. Kering warned that profit will tumble in the second half of the year as luxury demand cools and the turnaround effort at its biggest brand sputters.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Markets today: tech lifts U.S. stocks as FedEx up in late hoursA rally in the world’s largest technology companies lifted stocks, with Nvidia Corp. climbing 7 per cent after a US$430 billion selloff.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Markets today: Tech megacaps lift stocks after Nvidia’s selloffA rally in the world’s largest technology companies lifted stocks, with traders also wading through economic data and remarks from Federal Reserve speakers for clues on the outlook for rates.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Markets today: Stocks slide on concern AI still a ‘show me’ storyStocks got hammered after a disappointing start of the megacap earnings season fuelled speculation the artificial-intelligence frenzy that has powered the bull market still needs to pay off.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Markets today: Stocks slump as Tesla and LVMH earnings disappointStocks slumped on lackluster results from Tesla Inc., LVMH and Deutsche Bank AG, fueling concern about the health of global business as the reporting season kicks into overdrive. Nasdaq 100 index futures sank more than one per cent.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Markets today: Stocks tick higher as focus swings to tech resultsStocks edged higher as investor attention moved from U.S. politics to a wave of company earnings, with tech heavyweights Tesla Inc. and Alphabet Inc. due to report later Tuesday.
Source: BNNBloomberg - 🏆 83. / 50 Read more »
Markets today: Stocks struggle as tech outages hit businessesGlobal equities struggled on Friday as worldwide computer systems outages hit travel, trading and banking services, threatening to exacerbate a pullback in technology stocks.
Source: BNNBloomberg - 🏆 83. / 50 Read more »