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.

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