News Formal

U.S. stocks bend, don’t break after 30% rally from lows - BNN Bloomberg

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 21 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 50%

Россия Новости Новости

Россия Последние новости,Россия Последние новости

Stocks lost a bit of steam at the start of August as a rally that pushed the market up about 30 per cent from its lows spurred calls on a near-term pullback.

Just a few days ahead of the all-important jobs report, data suggested some softening in demand for workers in a still tight labor market. The numbers weren’t enough to entice investors, who also grappled with a mixed bag of corporate earnings. The S&P 500 finished the session with a loss of just 0.3 per cent. Bonds fell, with the 30-year yield hitting its highest since November as the Treasury prepares to ramp up issuance of longer-dated securities.

“Rising equity allocations and falling bond allocations mark a reversal from the bond love and equity hate that built during 2022,” Subramanian added. Oppenheimer Asset Management’s Chief Investment Strategist John Stoltzfus lifted his target on the S&P 500 index to a Street high, a day after Morgan Stanley’s Michael Wilson, one of the market’s leading doomsayers, sounded less bearish than usual.

Мы обобщили эту новость, чтобы вы могли ее быстро прочитать.Если новость вам интересна, вы можете прочитать полный текст здесь Прочитайте больше:

 /  🏆 83. in RU
 

Спасибо за ваш комментарий. Ваш комментарий будет опубликован после проверки

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

U.S. stocks drop as weak earnings, China hurt sentiment - BNN Bloomberg​Stocks dropped as a flurry of negative earnings updates tested the recent bullish mood among investors. The dollar gained.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

TSX recap: Index finishes 0.52% higher amid gains in tech stocks - BNN BloombergCanada's main stock index closed up more than 100 points Monday led by gains in tech and metals, while U.S. markets also rose.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »

U.S. futures slide as fitch downgrade rattles stocks - BNN Bloomberg​Global equities dropped as Fitch Ratings' downgrade of U.S. government debt spurred a rapid retreat from riskier assets and anxiety over this year's spectacular rally in tech stocks.
Источник: BNNBloomberg - 🏆 83. / 50 Прочитайте больше »