Thursday, July 7, 2022
Market-Reporter
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate
No Result
View All Result
Market-Reporter
No Result
View All Result
Home U.S. Markets

US stocks gain to near-record levels as yields fall to 1-month low

MtR by MtR
June 8, 2021
in U.S. Markets
0
US stocks gain to near-record levels as yields fall to 1-month low


NYSE trader

Spencer Platt/Getty Images

  • US stocks gained to near-record levels on Tuesday as inflation concerns eased due to falling yields and commodity prices.
  • The tech-heavy Nasdaq 100 led the rally higher for the second day in a row, jumping almost half a percent.
  • Copper and lumber prices are down about 8% and 30% from their recent high, respectively.
  • Sign up here for our daily newsletter, 10 Things Before the Opening Bell.

The tech-heavy Nasdaq 100 led the stock market higher on Tuesday, extending its gains from Monday as worries about rising inflation eased. The Dow Jones and S&P 500 were within striking distance of record highs.

The easing of inflation fears has been sparked by a drop in interest rates and commodity prices like copper and lumber. Those essential building blocks for the US economy are down about 8% and 30% from their recent highs, respectively. Meanwhile, the 10-year US Treasury yield fell to a 1-month low at 1.537%.

Investors will have a better handle on the current pace of inflation on Thursday, when CPI data is officially released for the month of May. In April, CPI jumped 4.2%, marking the fastest rise in inflation since 2008.

Here’s where US indexes stood at the 4:00 p.m. ET close on Tuesday:

Regulation concerns in the cryptocurrency space helped spark a wide sell-off, with $200 billion in market value being wiped out in a single day.

The IRS chief Charles Rettig asked Congress for more authority to regulate the crypto industry. Rettig wants a law passed that would require cryptocurrency transfers of more than 10,000 to be reported to the IRS. pass a law to h

The FDA approval of Biogen’s drug for Alzheimer’s helped drive a $60 million gain for Warren Buffett’s Berkshire Hathaway, which owns a stake in the biotech company.

Shares of Clover Health, a recent SPAC brought public by Chamath Palihapitiya, surged as much as 41% in Tuesday trades as the Reddit-fueled trading mania spread to the health services company.

That Reddit-fueled trading mania also spread to Wendy’s, with the fast-food restaurant surging as much as 19% amid the wide sharing of a bullish due-diligence post made on the Wall Street Bets forum.

Shares of Tesla moved higher after its May car sales in China showed a 29% surge.

Oil prices were higher. West Texas Intermediate crude jumped 1.4%, to $70.20 per barrel. Brent crude, oil’s international benchmark, rose 1.22%, to $72.36 per barrel.

Gold fell 0.1%, to $1,895.60 per ounce.



Source link

Related articles

GameStop board approves stock split plan, shares rise

July 6, 2022

U.S. labor market still tight as job openings remain elevated

July 6, 2022

Related Posts

GameStop board approves stock split plan, shares rise

by MtR
July 6, 2022
0

Signage is seen at a GameStop in Manhattan, New York, U.S., December 7, 2021. REUTERS/Andrew KellyRegister now for FREE unlimited...

U.S. labor market still tight as job openings remain elevated

by MtR
July 6, 2022
0

Job openings drop 427,000 to 11.3 million in MayVoluntary quits little changed at 4.3 millionISM services sector index slips 0.6...

Virgin Atlantic Reveals Tampa Flights

by MtR
July 6, 2022
0

Tampa will have non-stop flights to Heathrow and Gatwick. (It isn't yet clear what aircraft Virgin will use.) Photo: Vincenzo...

Dollar dominant as recession fears hit euro, pound bruised

by MtR
July 6, 2022
0

British pound banknote is displayed on U.S. Dollar banknotes in this illustration taken, February 14, 2022. REUTERS/Dado Ruvic/IllustrationRegister now for...

Wall Street recovery, currencies, oil

by MtR
July 6, 2022
0

SINGAPORE — Asia-Pacific shares fell at the open on Wednesday despite Wall Street recovering most of its losses by the...

Load More
  • Trending
  • Comments
  • Latest

Bank of England tells ministers to intervene on digital currency ‘programming’

June 21, 2021

Tips for checking smoke alarms during daylight saving time

March 12, 2022

GLOBAL MARKETS-U.S. stocks follow Europe up; Treasury yields rise, dollar firm

July 9, 2021
Fed tapering and emerging markets

Fed tapering and emerging markets

June 7, 2021
African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

African currencies week ahead: Zambia's kwacha seen on back foot, Kenyan shilling up – Business Recorder

0
Maxum Foods releases Global Dairy Commodity Update for June

Maxum Foods releases Global Dairy Commodity Update for June

0
Letter: Perpetual bonds can help states fight hunger

Letter: Perpetual bonds can help states fight hunger

0
United Kingdom ETFs Are Riding the Re-Opening Momentum

United Kingdom ETFs Are Riding the Re-Opening Momentum

0

Online Gaming Market Size to Achieve USD 132 Billion by

July 7, 2022

SPYR, Inc. Issues Statement on Recently Identified

July 7, 2022

Japan could be about to surprise markets with monetary policy

July 7, 2022

Global Prenatal Vitamin Supplements Market is estimated to

July 7, 2022

Recent News

Online Gaming Market Size to Achieve USD 132 Billion by

July 7, 2022

SPYR, Inc. Issues Statement on Recently Identified

July 7, 2022

Japan could be about to surprise markets with monetary policy

July 7, 2022

Categories

  • Asia
  • Bonds
  • Canada
  • Commodities
  • Cryptocurrencies
  • Currencies
  • Emerging Markets
  • ETFs
  • Europe & Middle East
  • IPOs
  • Latin America
  • Mutual Funds
  • Personal Finance
  • Real Estate
  • Retirement
  • Spending & Saving
  • Stocks
  • U.S. Markets
  • Privacy & Policy
  • About Us
  • Contact Us
  • Advertise with us

© 2021 Copyright Market-Reporter

No Result
View All Result
  • Home
  • Markets
    • U.S. Markets
    • Canada
    • Europe & Middle East
    • Emerging Markets
    • Asia
    • Latin America
  • Investing
    • Stocks
    • IPOs
    • Mutual Funds
    • ETFs
    • Bonds
    • Commodities
    • Currencies
    • Cryptocurrencies
  • Economy & Politics
    • Personal Finance
    • Spending & Saving
    • Retirement
    • Real Estate

© 2021 Copyright Market-Reporter