Equities Decline on Rising Yields, Apple Faces Ban, and Global Currencies React | Daily Market Analysis
Key events: USA - Initial Jobless Claims USA - Philadelphia Fed Manufacturing Index (Jan) USA - Crude Oil Inventories On Wednesday, US equities experienced a decline, influenced by a continued rise in Treasury yields that exerted pressure on the technology sector. The surge in yields was driven by robust economic data, creating uncertainty among investors about the likelihood of a Federal Reserve rate cut in March.
US Stocks Rally Amid Megacap Surge, Gold Prices Recover; Focus Shifts to Inflation Data and Central Bank Strategies | Daily Market Analysis
Key events: USA - Core CPI (MoM) (Dec) USA - CPI (MoM) (Dec) USA - CPI (YoY) (Dec) USA - Initial Jobless Claims USA - 30-Year Bond Auction On Wednesday, US stocks saw an upward trend with a boost from mega-cap companies, although gains were tempered in anticipation of forthcoming inflation reports and significant bank earnings later in the week.
US Stocks Retreat Amidst Inflation Caution, CAD Declines, and Global Economic Signals | Daily Market Analysis
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Markets Show Mixed Signals as Tech Stocks Surge While Dow Faces Pressure | Daily Market Analysis
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Tech Sector Woes and Fed Rate Expectations Amid Treasury Yield Surge Shake Markets | Daily Market Analysis
Key events: Eurozone - Deposit Facility Rate (Oct) Eurozone - ECB Interest Rate Decision (Oct) USA - Core Durable Goods Orders (MoM) (Sep) USA - GDP (QoQ) (Q3) USA - Initial Jobless Claims Eurozone - ECB Press Conference USA - Pending Home Sales (MoM) (Sep) On Wednesday, US stock indices experienced a decline, primarily due to the increasing Treasury yields and the drag on the tech sector caused by Alphabet's disappointing quarterly results in its cloud business.