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US stock indices eased from record highs as higher bond yields rebounded and hampered the earnings projections on debt-sensitive sectors. The S&P 500 and the Nasdaq 100 fell 0.5% and 0.7%, respectively, from their records, and the Dow dropped 1%. Iranian strikes on vessels crossing the Strait of Hormuz worsened soaring
US stocks closed higher Tuesday as Treasury yields retreated from multi-year peaks, relieving investor pressure and shifting focus to the upcoming Q3 earnings season. The S&P 500 logged its 28th record close.
Micron Technology (NASDAQ: MU ) held its fourth-quarter earnings conference call on Wednesday. Below is the complete transcript from the call. APIs provide real-time access to earnings call transcripts and financial data. Visit to learn more. View the webcast at Summary Micron Technology reported exceptional fiscal Q4
Global equity indexes are near all-time highs despite a tumultuous third quarter marked by a surge in US 10-year Treasury yields past 5% to their highest since just before the 2007 financial crisis and a 40% jump in Brent crude prices.
U.S. residential starts fell 12.4% in July to a 1.239 million annualized pace, below Reuters’ 1.35 million estimate, as higher Treasury yields keep mortgage costs elevated.
U.S. equities drifted either side of the flatline by midday Tuesday, with the S&P 500 hovering just below the record high it tested at Monday’s close, as diplomatic signals out of the Persian Gulf took the heat out of crude’s rebound and pulled Treasury yields back from multi-decade highs. President Donald Trump harden
Advanced Micro Devices Inc. (NASDAQ: AMD ) shares are bouncing back from months of weakness on Thursday as blowout earnings from Microsoft and Lam Research combined with a record quarter from Samsung reversed a brutal stretch for chip stocks. Advanced Micro Devices stock is among today’s top performers. Why is AMD stoc