S&P 500 Rises 14.91 Points
The S&P 500 index increased by 14.91 points, representing a 0.19% gain.
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The S&P 500 index increased by 14.91 points, representing a 0.19% gain.
Benchmark 10-year U.S. Treasury yields held near their highest since June 2007, while German and French 10-year yields hit 17-year and 18-year highs. Stocks were broadly resilient, with Asian shares higher and European indexes little changed.
Major Asian, US and European stock indexes were lower, while bonds and the dollar were mixed. The report also showed Brent crude higher and gold at a more than seven-week low.
Major stock indexes fell, with the MSCI world gauge down 0.83%, as oil prices resumed their rise and Treasury yields extended gains. Spot gold dropped 3.5% to a more than seven-week low.
Regional markets were mixed, with Japan's Nikkei 225 up 1.30% and the benchmark US 10-year Treasury yield last at 5.165%. Spot gold was up 0.1% at $4,282.98 an ounce.
HIGHLIGHTS * Gov Barr (permanent FOMC voter)'s speech Tuesday is primarily on the longer-term outlook for the housing sector, but importantly he notes that his "base case" is for "further policy adjustments" (plural) * Iranian security chief Rezaii via Irib: "Iran has not been in a hurry to negotiate; today, Iran's con
South Korean shares rose 1.94% on Tuesday, tracking Wall Street gains. The KOSPI was up 135.91 points to 7,143.63. Shares of Samsung Electronics rose 2.28% and SK Hynix gained 2.94%. The won strengthened 1% against the dollar to 1,365.7, while the benchmark 10-year bond yield fell 0.8 basis points to 4.438%. Foreigners
Braze reported fiscal second-quarter revenue of $227 million, up 26% year over year, and said non-GAAP operating margin improved by more than 600 basis points. It raised third-quarter and full-year revenue guidance.
The ISM services PMI surged to 55.4 in August from 54.1 previously, above the 54.3 market estimate and its strongest pace in six months.
MongoDB fell 13.41% premarket after its third-quarter revenue growth outlook of about 20.5% at the midpoint and flat Atlas growth overshadowed second-quarter beats on earnings and revenue.
Bloom Energy Corp. (NYSE: BE) stock is gaining on Monday amid broad AI infrastructure optimism after Anthropic reported preliminary revenue above $11.5 billion for its latest completed quarter, up from $787 million a year earlier.