Wall Street Today | US Treasury Yields Rise to Highest in over a Decade Ahead of Key Fed Meeting
MACRO
Morgan Stanley, Goldman Sachs Warn of Mounting Risks for US Earnings
Both $Morgan Stanley(MS.US$'s Michael J. Wilson and $Goldman Sachs(GS.US$'s David J. Kostin said headwinds to profitability are building, highlighting tighter monetary policy and pressure on company margins as key concerns. According to Wilson,"there is still a long way to go before reality is fairly priced."
US Homebuilder Sentiment Falls for a Ninth Month in Record Slide
The National Association of Home Buyers/Wells Fargo gauge decreased by three points to 46, figures showed Monday. Homebuilder sentiment has fallen every month this year, the longest stretch of declines in data back to 1985.
SECTORS
US Treasury Yields Rise to Highest in over a Decade Ahead of Key Fed Meeting
Yields on US government debt reached the highest levels in over a decade on Monday as investors braced for a third consecutive jumbo 0.75 percentage point rate increase from the Federal Reserve on Wednesday. The yield on 10-year US government debt, pushed above 3.5% for the first time since April 2011 as investors sold the bonds.
Investors Ditch Vaccine Stocks After Joe Biden Says 'Pandemic Is Over'
Investors wiped more than $10bn off the market value of the main Covid-19 vaccine makers on Monday after US president Joe Biden said "the pandemic is over".
UAE Accelerates Plan to Increase Its Oil Production Capacity
Abu Dhabi National Oil Co., which pumps almost all the UAE's oil, wants to be able to produce 5 million barrels a day by 2025. That's sooner than a previously disclosed aim of 2030. UAE aims to cash in on oil reserves before energy transition.
COMPANY
Ford Stock Drops More Than 4% As Supply Costs to Jump by $1 Billion
$Ford Motor(F.US$ shares dropped more than 4% in the extended session Monday after the company said inflation and parts shortages will leave it with more unfinished vehicles than it had expected, reminding Wall Street supply-chain snags are far from over for auto makers.
>>Read More
>>Read More
Amazon, Pfizer Among Companies Pledging to Hire 20,000 Refugees
Major U.S. companies pledged to hire more than 20,000 refugees over the next three years, a number that refugee advocates say will help integrate the wave of Afghans and Ukrainians who arrived over the last year. $Amazon(AMZN.US$ $Pfizer(PFE.US$
>>Read More
>>Read More
Judge Rejects Antitrust Challenge to UnitedHealth Acquisition
A federal judge Monday ruled against a Justice Department antitrust challenge to $UnitedHealth(UNH.US$ 's $13 billion acquisition of health-technology firm $Change Healthcare(CHNG.US$ rejecting government claims that the deal would unlawfully suppress competition and limit innovation in health-insurance markets.
Apple Readies iOS 16 Bug Fix for Next Week
$Apple(AAPL.US$ is queuing up new software to fix bugs plaguing the just-released, high-end iPhone 14 Pro and other iPhones running iOS 16. Some iPhone 14 Pro and iPhone 14 Pro Max owners say their smartphone cameras shake furiously, make odd noises and produce blurry videos when they try to capture content using third-party apps such as Instagram and TikTok.
Source: Bloomberg, Dow Jones, CNBC, Financial Times
Disclaimer: Moomoo Technologies Inc. is providing this content for information and educational use only.
Read more
Comment
Sign in to post a comment
Moomoo News Official Account
In 10 minutes it’s history. At four I’m a dinosaur!
37KFollowers
26Following
39KVisitors
Follow
Giovanni Ayala :
Trend is king : It is estimated that there will be no progress in US stocks this year. Interest rates will continue to rise in the future.
Giovanni Ayala : Don't worry they have it under control 2023 is going to be A Great start off point the only Reason there's inflation because of Frivolous war
