- Reuters
Futures fall as rate worries push bond yields higher
Megacaps such as Apple, Meta and Nvidia dipped between 0.3% and 1.1% in trading before the bell as the yield on Treasury notes edged higher, with that on the five-year note hovering near four-week highs, following a weak debt auction. Bond yields reflect interest rate expectations. The tech-heavy Nasdaq on Tuesday closed above the 17,000 mark for the first time, driven by gains in Nvidia and fellow chip stocks, while the benchmark S&P 500 index ended flat with market participants doubting the possibility of an imminent start to Fed's monetary policy easing cycle.
- Zacks
Stock Market News for May 28, 2024
U.S. stock markets closed higher on Friday reversing some of the losses of the previous day.
- Zacks
Stock Market News for May 24, 2024
U.S. stock markets closed sharply lower on Thursday owing to profit booking.
