Treasury Yields Edge Higher Ahead of Expected Fed Hold
Treasury yields ticked higher, with U.S. durable goods orders expanding more than expected in September and consumer confidence rising above forecast in October.
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Treasury yields ticked higher, with U.S. durable goods orders expanding more than expected in September and consumer confidence rising above forecast in October.
US durable goods orders rose in September from August.
Treasury yields reversed early declines and rose as September durable goods orders increased 1.8%, slightly more than expected, driven by transportation equipment. Markets await tomorrow’s Fed decision; the FOMC is expected to hold rates steady.
US durable goods new orders rose 0.1% in August, according to the headline.
Orders rose 2.2% in September, compared with a 0.3% increase in August; the prior reading was unchanged.
Orders rose 1.8% in September, versus consensus for a 1.7% increase and August’s 0.1% rise; the previous August reading was -0.1%.
Orders rose 0.5%, versus the 0.6% consensus and 0.3% in August; the prior August figure was 0.2%.
PureCycle Technologies reported $4.5 million in revenue and revenue growth for a sixth consecutive quarter. The company also said total liquidity was $236.9 million and cited operational progress, including a new daily throughput record.
MACOM Technology Solns (NASDAQ: MTSI ) reported third-quarter financial results on Thursday. The transcript from the company's third-quarter earnings call has been provided below. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. View the webcast at Sum
On Tuesday, Wayfair (NYSE: W ) discussed second-quarter financial results during its earnings call. The full transcript is provided below. This transcript is brought to you APIs. For real-time access to our entire catalog, please visit for a consultation. The full earnings call is available at Summary Wayfair Inc. repo
Longer-dated US Treasury yields rose after stronger-than-expected durable goods data reinforced inflation worries and rate-hike expectations. The 30-year yield hit 5.5319%, its highest since 2004, while the 10-year reached 5.2297%, highest since 2007.
The 30-year yield hit a fresh 22-year high, while traders raised odds of another Fed hike in October.
U.S. stocks look set for a positive opening on Friday, with futures of the Dow Jones, S&P 500 and Nasdaq Composite rising, after closing Thursday on a mixed note. Contributing to the optimism are comments from Iranian Foreign Minister Abbas Araghchi, who proposed to reopen the Strait of Hormuz and resume talks on a nuc
Casey's General Stores reported first-quarter diluted EPS of $7.37, up 28% year over year, net income of $274 million and revenue of $5.68 billion, up 24.3%. EBITDA rose 17% to $485 million.
US durable goods orders for July rose 1.1% month-on-month (est 1.1%; prev 1.1%). Durables ex-transportation rose 0.4% (est 0.4%; prev 0.4%).
U.S. stock futures are higher early Thursday, with Dow futures up 0.25%, S&P 500 futures up 0.35% and Nasdaq 100 futures up 0.66% as traders weigh Nvidia earnings and stronger durable goods data.
The Dow Jones fell more than 150 points Wednesday, while J.M. Smucker shares rose about 3% after better-than-expected first-quarter results and raised FY27 guidance above estimates.
The U.S. Personal Consumption Expenditures price index rose 3.7% year over year in July versus economist forecasts of 3.6%, while the monthly measure increased 0.2% and core PCE was unchanged at 3.3%.
US durable goods orders increased 1.1%, compared with a 0.5% forecast and prior reading of 0.5%.
Durable Goods: ACTUAL 0.3% - Expecting 1.6%
S&P 500 futures rise 0.79% after Micron Technology's strong quarterly earnings and ahead of key economic data releases
Durable goods orders exceed expectations, indicating a strong economic outlook. This surge may lead to increased growth projections.