Neel Kashkar
Dow's Record Run Stumbles Near 40,000 Milestone Amid Treasury Yields and Walmart Surge | Daily Market Analysis
Key events: Eurozone - ECB's De Guindos Speaks UK - BoE MPC Member Mann Speaks Eurozone - CPI (YoY) (Apr) USA - Fed Kashkari Speaks USA - Fed Waller Speaks USA - FOMC Member Daly Speaks Thursday marked a reversal for the Dow, halting a two-day winning streak, even as it briefly surpassed the historic 40,000 milestone for the first time, amidst considerations of a resurgence in Treasury yields and Walmart's rally.
S&P 500 Bounces Back, European Markets Optimistic, and Currencies Navigate Volatility | Daily Market Analysis
Key events: USA - Trade Balance (Dec) USA - Crude Oil Inventories USA - 10-Year Note Auction USA - FOMC Member Bowman Speaks The S&P 500 made a late recovery from the day's lows as it resumed its journey toward record highs, overcoming a recent setback. The rally, which broadened due to stronger corporate earnings, helped cushion the impact of weakness in tech stocks led by chip-related concerns.
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