MeritKapital News

US stocks closed mostly lower again on Monday as market continues to position for higher rates. The DOW led losses, down 0.45% while the S&P was 0.14% lower. The NASDAQ managed to eke out a 0.05% gain having been down 2.7% at one point in the session. Yield on 10Y USTs closed slightly lower at…

US stocks closed weaker on Friday following a jobs report which showed a miss in the expected change in NFP data; the 199k increase was shy of the expected 450k. The NASDAQ shed 0.96% while the S&P and the DOW shed 0.41% and 0.01% respectively. Yield on 10Y USTs closed yet higher at 1.7620%. Hawkish…

The Nasdaq 100 underperformed amid a selloff in tech names as Treasury yields climbed for a second day Tuesday. Treasuries were steady after yields rose amid increasing conviction the Federal Reserve will raise rates at least three times beginning in May to counter price pressures. The yield curve steepened as yields on long maturities also…

U.S. futures rose Tuesday in a choppy session as investors assessed the impact of omicron on the outlook for 2022. Benchmark Treasury yields steadied after climbing across the curve. The yield on the 10-year note topped 1.60% in its worst start to a year since 2009 as investors braced for Federal Reserve interest-rate hikes in 2022. The Dow…

U.S. stocks were mixed after the close on Wednesday, as gains in the Healthcare, Utilities and Basic Materials sectors led shares higher while losses in the Telecoms, Oil & Gas and Technology sectors led shares lower. At the close in NYSE, the Dow Jones Industrial Average added 0.25% to hit a new all time high,…

In the U.S fixed income space, yields on benchmark 10-year Treasury notes were a little unchanged at 1.4756% compared with its U.S. close of 1.481% on Tuesday. The two-year yield, which rises with traders’ expectations of higher Fed fund rates, touched 0.7402% after hitting 0.758% the previous session, a near two-year high. The Dow Jones…

U.S. stock benchmarks finished higher Monday, as consumer spending during the holidays and gains in technology and energy shares helped to push the S&P 500 to records. Equity indexes booked gains even as travel-related names slumped after surging COVID-19 cases triggered hundreds of U.S. flights to be scrapped over the holiday weekend. The S&P 500…

Wall Street’s main indexes posted solid gains for a third straight session on Thursday, with the S&P 500 marking a record-high close, as encouraging developments gave investors more ease about the economic impact of the Omicron coronavirus variant. Stocks ended the holiday-shortened week on a positive note, lifting sentiment heading into Christmas. Gains were broad…

With most markets closed form Christmas holiday, liquidity is thin in the markets. Omicron concerns remain in focus. US stocks continued trading higher with data released on Thursday showing that that sustained inflationary pressures in the US were not enough to upset the broader optimism, as a growing body of evidence is suggesting that Omicron…

U.S. stock indexes closed broadly higher on Wednesday after investors cheered positive economic data and the White House said it was resuming talks on a massive social spending and climate change bill with a holdout senator. The market gained throughout the trading session, overcoming fears about the Omicron COVID-19 variant, and was pushed upward by…