The S&P 500 and Nasdaq 100 ended Thursday flat, while the Dow Jones Industrial Average fell 0.3%.
The 30-year Treasury yield hit its highest level since 2004.
Brent crude settled near $107.
The Dow Jones index ended lower on Thursday as Treasury yields continued their upward march amid hawkish remarks from Federal Reserve officials.
When explaining hedged foreign bond funds, the phrase “currency hedge costs are roughly equal to the interest rate differential between Japan and the U.S.” is widely used. It is concise and sounds plausible. It is not entirely wrong, either. I acknowledge the convenience of this explanation.
However, there are questions that cannot be answered with this explanation alone.
For the first time since the Iran war began, JPMorgan says it no longer has a clear baseline for how the oil market gets out of it.
The bank had previously worked on the assumption that rising oil prices and the economic damage they caused would eventually put limits on how far the conflict could go.
» Read more about: 5 Energy Stocks Positioned for a Prolonged Iran War »
(MC Report 260925-a)
On September 23, while Japan was closed for the ‘Silver Week’ holiday, US long-term interest rates rose further. The US 2-year Treasury yield briefly hit 4.94%, and the 5-year Treasury yield surpassed 5%. The US 10-year Treasury yield briefly reached 5.13%, and by the following day, the 24th, it had risen to as high as 5.22%.
Meta stock jumped 36% so far in September, bringing the tech giant within 1% of a $2 trillion market capitalization.
Wall Street sentiment rebounded following an $18 billion legal settlement and new commercial partnerships with Expedia and Maplebear Inc.
Concerns linger over massive AI infrastructure costs,
A number of stocks fell in the afternoon session after the 10-year Treasury yield jumped to 5.14%, reaching levels last seen in 2007 and raising borrowing costs across the economy.
Hello. This is an account aiming for +1 million yen/year in dividends.
How did you spend your Silver Week holidays?
I was working, but two major developments occurred during this time.
I will start from here today with the review I promised. What has happened over these past 10 days
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All three main equity indexes opened lower amid a continuing sell-off in the bond market,
» Read more about: Stocks Struggle Against Inflation and Rate Risks: Stock Market Today »
BlackBerry (NYSE:BB), a security software and vehicle-embedded systems provider, closed at $8.72, up 4.06%. The stock rose after premarket Q2 results beat estimates and management lifted full-year fiscal 2027 guidance. Investors are next watching automotive software demand and QNX growth. Trading volume reached 43.2M shares, coming in about 134% above its three-month average of 18.4M shares.
