Dow Slightly Up as Attention Shifts to GameStop, Peloton Stocks.


The Treasury market has settled down for the moment, as yields on the 10-year note are experiencing a slight increase after a rapid climb that has unsettled investors. Currently, the yields are at around 4.66% in recent trading. The rise of oil prices has also taken a pause, providing some relief for bond prices. The front-month Brent futures contract is above $96 a barrel. Keith Lerner, co-chief investment officer at Truist Advisory Services, believes that the market is anticipating the stabilization of the 10-year Treasury, leading to a slowdown in its ascent.

In terms of stock indexes, there is a mixed performance in morning action, with the S&P 500 edging higher. European bond yields, on the other hand, have risen. GameStop shares have risen after the appointment of Ryan Cohen as its CEO, following a period without someone in that position. Additionally, Peloton’s stock has gained due to a deal with Lululemon to sell co-branded apparel. The WSJ Dollar Index has fallen, potentially ending a seven-day streak of gains driven by rising bond yields.

Source link

Share post:




More like this

Delta emulator transforms into full retro console with AirPlay integration.

The launch of the Delta emulator on iPhones marks...

S&P 500 falls below 5,000 while Nasdaq drops without exceeding 13 words.

The stock market took a downturn on Friday as...

President Biden speaks at IBEW Construction and Maintenance Conference at The White House.

President Biden delivered remarks at the IBEW Construction and...

Today’s live updates on the stock market.

Netflix is facing a significant downturn, with shares dropping...