Other megacaps lost ground as the mixed picture sapped some faith in big techs, which have powered gains in stocks this year. Amazon -- Bank of America Corp.’s Jim DeMare warned of the knock-on effects of short-term Treasury yields at 5% and said higher interest rates are having a “dramatic change” on the biggest global industry trends.
Rated lowest margin fees by StockBrokers.com. Borrow against your securities at low cost. Rates subject to change. Your capital is at risk.The 7.9% average contract rate for a 30-year fixed-rate mortgage during the week ended Oct. 20 was up 20 basis points from the prior week, the Mortgage Bankers Association said. "These higher mortgage rates are keeping prospective homebuyers out of the market and continue to suppress refinance activity.
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Stock market news today: Nasdaq, S&P 500 futures fall as Alphabet casts cloudThe Google parent's cloud business fell short in its earnings, spreading some gloom for megacaps already under pressure from rising yields.
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Nasdaq, S&P 500 futures fall as Alphabet leads retreat in mega-cap stocksGoogle-parent Alphabet slid 6.6% in premarket trading as its cloud business crawled to its slowest growth in at least 11 quarters. Microsoft, on the other...
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Nasdaq, S&P 500 edge up after 10-year Treasury yield briefly tops 5%: Stock market news todayThe 10-year Treasury yields passed a key milestone, underlining the 'new normal' of higher-for-longer rates.
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Stocks close mixed as yields recede from 16-year highs: Stock market news todayThe 10-year Treasury yields passed a key milestone on Monday morning but whipsawed lower in a volatile day for bond market action.
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Stock market today: Wall Street drifts lower as pressure rises from the bond marketNEW YORK (AP) — Wall Street is drifting lower in early trading as pressure from the bond market continues to build. The S&P 500 was down 0.5% early Monday. The Dow lost 171 points, and the Nasdaq composite was off 0.6%.
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