Stocks @ Night is a daily newsletter delivered after hours, giving you a first look at tomorrow and last look at today.Here's what CNBC TV's producers were watching as the major averages made a stunning comeback from the day's lows and what's on the radar for the next session.shares swung by about $10 from the session lows to the day's high. The stock ended the day higher by 8%.
He explained that Wednesday's roughly 154-point turnaround for the S&P 500 — from the morning's low to the high of the day near the end of the session — had to do with rising bond yields. The Dow swung about 910 points from its low to the day's high, while the Nasdaq Composite saw a roughly 633-point jump.Because bond yields have retreated so quickly in the last few months, investors have grown nervous that they were dropping due to fears about the economy.
The sectors that have done best in the last three months are rate-sensitive — for instance, real estate is up 18% in three months — as investors look for yield in the face of falling rates.Energy and communication services are the weakest S&P sectors in the last three months, respectively down 6% and 5%.We'll dive back into the insurance sector after Wednesday's drop. CNBC TV's Contessa Brewer covers the beat.
Regulators in Ghana and Ivory Coast are talking with cocoa farmers about raising what the countries pay farmers for their crops.