Marketscreener.com on Nostr: Wall St wavers, gold climbs, economic, geopolitical crosswinds ========== U.S. stocks ...
Wall St wavers, gold climbs, economic, geopolitical crosswinds
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U.S. stocks vacillated on Thursday, swinging from red to green and back as investors contended with the push-pull of a strong economy and restrictive Federal Reserve policy. Benchmark Treasury yields resumed their climb and gold added strength as ongoing turmoil in the Middle East bolstered the safe-haven play. New York Fed President John Williams does not see a convincing case for cutting the central bank's policy rate now. A Reuters poll of 100 economists indicated the Fed will implement its first rate cut in September, and cut perhaps once more this year. Economic data released on Thursday painted a mixed picture, with low jobless claims and solid factory data versus weaker-than-expected home sales and leading economic index. The Dow Jones Industrial Average fell 5.8 points, or 0.02%, to 37,747.51, the S&P 500 lost 13.89 points, or 0.28%, to 5,008.32 and the Nasdaq Composite dropped 81.31 points, or 0.52%, to 15,602.07. European stocks ended higher as upbeat results lifted the benchmark index, offsetting uncertainties surrounding geopolitical tensions and the timing of central bank rate cuts. The pan-European STOXX 600 index rose 0.24%, while MSCI's gauge of stocks across the globe shed 0.03%. Emerging market stocks rose 0.42%. Treasury yields hovered near their highest levels since November as solid economic data reinforced warnings from Fed officials that the inflation cool-down might have stalled. Benchmark 10-year notes last fell 14/32 in price to yield 4.6429%, from 4.585% late on Monday. The dollar firmed against a basket of world currencies as data affirmed the U.S. economy is on solid ground, supporting the notion that the Fed could delay its first rate cut. The dollar index rose 0.19%, with the euro down 0.23% to $1.0646. Gold climbed as the safe-haven metal benefited from ongoing Middle East turmoil and the prospect of fewer than expected U.S. rate cuts this year. Spot gold added 0.9% to $2,382.33 an ounce.
#StockMarket #FederalReserve #TreasuryYields #Gold #EconomicData
https://www.marketscreener.com/quote/stock/ASML-HOLDING-N-V-12002973/news/Wall-St-wavers-gold-climbs-economic-geopolitical-crosswinds-46471885/
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U.S. stocks vacillated on Thursday, swinging from red to green and back as investors contended with the push-pull of a strong economy and restrictive Federal Reserve policy. Benchmark Treasury yields resumed their climb and gold added strength as ongoing turmoil in the Middle East bolstered the safe-haven play. New York Fed President John Williams does not see a convincing case for cutting the central bank's policy rate now. A Reuters poll of 100 economists indicated the Fed will implement its first rate cut in September, and cut perhaps once more this year. Economic data released on Thursday painted a mixed picture, with low jobless claims and solid factory data versus weaker-than-expected home sales and leading economic index. The Dow Jones Industrial Average fell 5.8 points, or 0.02%, to 37,747.51, the S&P 500 lost 13.89 points, or 0.28%, to 5,008.32 and the Nasdaq Composite dropped 81.31 points, or 0.52%, to 15,602.07. European stocks ended higher as upbeat results lifted the benchmark index, offsetting uncertainties surrounding geopolitical tensions and the timing of central bank rate cuts. The pan-European STOXX 600 index rose 0.24%, while MSCI's gauge of stocks across the globe shed 0.03%. Emerging market stocks rose 0.42%. Treasury yields hovered near their highest levels since November as solid economic data reinforced warnings from Fed officials that the inflation cool-down might have stalled. Benchmark 10-year notes last fell 14/32 in price to yield 4.6429%, from 4.585% late on Monday. The dollar firmed against a basket of world currencies as data affirmed the U.S. economy is on solid ground, supporting the notion that the Fed could delay its first rate cut. The dollar index rose 0.19%, with the euro down 0.23% to $1.0646. Gold climbed as the safe-haven metal benefited from ongoing Middle East turmoil and the prospect of fewer than expected U.S. rate cuts this year. Spot gold added 0.9% to $2,382.33 an ounce.
#StockMarket #FederalReserve #TreasuryYields #Gold #EconomicData
https://www.marketscreener.com/quote/stock/ASML-HOLDING-N-V-12002973/news/Wall-St-wavers-gold-climbs-economic-geopolitical-crosswinds-46471885/