US Treasury Yields Edge Higher as AI Fears Ease
The 10-year Treasury yield edged higher Monday after falling 14.6 basis points last week, its biggest weekly drop in seven months. Concerns about the impact of higher interest rates on AI stocks eased.
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The 10-year Treasury yield edged higher Monday after falling 14.6 basis points last week, its biggest weekly drop in seven months. Concerns about the impact of higher interest rates on AI stocks eased.
By Stephen Culp NEW YORK, Oct 13 (Reuters) — Wall Street stocks were muted on Tuesday after big banks reported mixed earnings and investors looked ahead to Wednesday's crucial inflation report. The S&P 500 ended essentially flat, while Nasdaq closed slightly lower, weighed by chip weakness. Third-quarter earnings optim
Stock futures rose Friday as AI-related shares recovered and oil prices fell. The rebound followed Thursday's tech selloff, while investors also looked ahead to next week's earnings season and later U.S. consumer sentiment data.
The MSCI's gauge of stocks across the globe rose 0.7%. The Nasdaq Composite reached a record closing high, lifted by Nvidia and Microsoft. The euro stumbled to a 17-month low against the dollar, and the 10-year US Treasury yield rose to a fresh 24-year high.
U.S. stocks traded mixed but mostly higher at midday Friday as crude oil retreated on hopes for an Iran-brokered reopening of the Strait of Hormuz, even as Treasury yields pushed toward their highest level since 2007 after this week's Trump-Xi trade summit. Washington and Beijing extended their trade truce without anno