⚠️BREAKING: *WALL STREET BOUNCES MODESTLY AFTER LAST WEEK'S SELLOFF AS DIP BUYERS SNAP UP TECH SHARES - $DIA $SPY $QQQ $IWM 🇺🇸🇺🇸
NEW YORK - U.S. stocks eked out a slight gain on Monday as investors engaged in some bargain hunting after last week's losses, the biggest percentage declines of 2023 for Wall Street's main benchmarks, as jitters persisted about coming interest rate hikes to tame stubbornly high inflation.
All three main stock indexes climbed more than 1% shortly after the opening bell, in part due to an easing in Treasury yields, and all three closed well off their session highs. Stocks steadily gave up gains throughout the session as U.S. Treasury yields moved off the day's lows. "On the heels of the worst week of the year, first three-week losing streak for the S&P since December, a little green is a welcome change but again the reality is market participants are trying to square the circle with exactly how long the Fed will leave rates high, and is a 50 basis point hike really on the table at the next meeting," said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska.
"It’s led to a good deal of uncertainty, and we have seen that when there is uncertainty there can be selling and volatility."
Indonesia Berita Terbaru, Indonesia Berita utama
Similar News:Anda juga dapat membaca berita serupa dengan ini yang kami kumpulkan dari sumber berita lain.
Futures rise after Wall Street's worst weekly rout of 2023 By Reuters*U.S. STOCK FUTURES POINT TO HIGHER OPEN AFTER WORST WEEKLY ROUT OF 2023 - $DIA $SPY $QQQ 🇺🇸🇺🇸
Baca lebih lajut »
Wall Street’s most overbought stocks include PepsiCo and this little-known insurance companyInvestors should consider easing exposure to names that are still overbought. They can gauge this with the relative strength index.
Baca lebih lajut »
Top Wall Street analysts expect these stocks to thrive despite macro pressuresTipRanks analyst ranking service pinpoints Wall Street's best-performing stocks, including Walmart & Datadog.
Baca lebih lajut »
In pictures: Winter around the world | Pictures | ReutersSkiers and snowboarders descend a slope at Shymbulak ski resort on the outskirts of Almaty, Kazakhstan, December 2, 2022. REUTERS/Pavel Mikheyev
Baca lebih lajut »
Fashion industry needs to better prioritize sustainability | Reuters VideoFashion designer Ozwald Boateng urges the fashion industry to prioritize sustainability during an exclusive interview with Reuters and Artic Basecamp at Davos. Boateng sees promise in Africa taking the lead, but a lack of capital hinders industry growth on a continent deeply impacted by climate change.
Baca lebih lajut »
Wall Street bounces modestly after prior week's selloffU.S. stocks rose modestly on Monday as investors engaged in some bargain hunting after last week's losses, the biggest percentage declines of 2023 for the main benchmarks, on jitters about potential interest rate hikes to tame stubbornly high inflation.
Baca lebih lajut »