Dow Jones falls 270 points as bond yields rise on Brent crossing $90 again
Benchmark indices on Wall Street began the new trading week on the back foot as oil prices rose, taking the bond yields to multi-year highs yet again.
The Dow Jones ended with losses of 270 points on Monday, August 17, while the S&P 500 fell 0.5%. The Nasdaq Composite ended 0.3% lower, reversing a earlier gain.
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Read MoreAs the S&P 500 sells off, traders eye key 'risk pivot' level
Crude oil is rallying, bonds are selling off, and the stock market is under pressure. Investors sold Big Tech stocks after earnings and the 10-year Treasury yield just touched 4.7%,
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Read MoreUS stock market today: S&P 500, Dow futures steady after 3-week winning streak; oil rises on Hormuz risks
US stock futures were coming off a solid three-week winning run as tensions in the Middle East escalated over the weekend, keeping crude oil prices higher and offsetting falling expectations of a rate hike.
Futures tied to the S&P 500 rose 0.1%, while Nasdaq 100 futures gained 0.5%.
Tech stocks momentum seen extending into 2027
PETALING JAYA: Technology companies’ momentum is expected to remain intact in the second half of 2026 (2H26), supported by robust supply chain order flows amid elevated artificial intelligence (AI) infrastructure spending, an improving earnings growth trajectory, and positive management guidance, says RHB Research.
The brokerage has maintained an “overweight” call on technology stocks,
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Read MoreXLF: Why Fund Managers Loaded Up On Financial Stocks In Q2
23.81K Followers
Ian Bezek is a former hedge fund analyst at Kerrisdale Capital. He has spent the decade living in Latin America,
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Read MoreThe Burst
Is United Airlines Set To Crash?
United Airlines has a strange pattern over the next month and a half. In 11 of the past 18 years it has a bizarre bearish pattern where it falls by on average almost 5% over that time frame.
What is it about this time of year when you might anticipate travel bookings are ramping up that this airline has a consistent history of falling by such a large amount?
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Read MoreThe Ivy
Does Buffett Think Markets Will Tumble Soon?
At 94 years old, Warren Buffett remains perhaps the most-watched investor in the world. Every decision the value investing legend makes is carefully studied, often to determine his thoughts about the broader market and stock valuations.
This year has seen Buffett appear to turn more bearish than in any past period, with Berkshire Hathaway selling a net amount of $127 billion of stock in just the first three quarters.
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Read MoreThe Spotlight
320 Million Reasons To Buy This Gaming Company
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