Utilities Up on Defensive Demand — Utilities Roundup
Shares of power producers rose sharply as traders rotated into defensive, dividend-oriented sectors in light of rising Treasury yields and doubts about President-elect Donald Trump's cabinet picks.
Communications Services Cos Down on Flight From Risk — Communications Services Roundup
Communications services companies slid as traders retreated from risk, spooked by steadily rising Treasury yields. Florida billionaire David Hoffman is seeking to build a newspaper giant on a similar ...
Consumer Cos Down as RFK Pick Weighs on Snack Makers — Consumer Roundup
Consumer companies fell amid concerns about President-elect Donald Trump's planned appointments.
Tech Down as Trump Euphoria Wanes — Tech Roundup
Shares of technology companies fell as optimism in the wake of Donald Trump's victory waned.
Financials Up on Interest-Rate Views — Financials Roundup
Shares of banks and other financial institutions rose as traders rotated into sectors that stood to gain from an inflationary environment and elevated interest rates. The yield on the policy-sensitive ...
WK Kellogg Continues to Milk Cost Savings, Buoying Margins Even as Sales Languish
We believe WK Kellogg is in a fair financial position. As of December 2023, it carried a gross debt/adjusted EBITDA ratio of 3.4 times, which should decline to around 2 times and remain near that ...
The S&P 500 has come to a major postelection crossroads
The S&P 500 index SPX has remained strong since the U.S. presidential election. The target for this upside move continues to be the +4<SIGMA> "modified Bollinger Band," which is now near 6,050 and ...
S&P 500 Falls 2.08% This Week to 5870.62 — Data Talk
The S&P 500 Index is down 124.92 points or 2.08% this week to 5870.62 --Largest one-week point and percentage decline since the week ending Sept. 6, 2024 --Today it is down 78.55 points or 1.32% ...
NASDAQ Composite Falls 3.15% This Week to 18680.12 — Data Talk
The NASDAQ Composite Index is down 606.66 points or 3.15% this week to 18680.12 --Largest one-week point and percentage decline since the week ending Sept. 6, 2024 ...
DJIA Falls 1.24% This Week to 43444.99 — Data Talk
--Up 24.32% from its 52-week low of 34947.28 hit Friday, Nov. 17, 2023 --Off 1.91% from its 2024 closing high of 44293.13 hit Monday, Nov. 11, 2024 --Up 16.58% from its 2024 closing low of 37266.67 ...
Investors are bracing for higher-for-even-longer interest rates
Friday's stronger-than-expected economic data, combined with fresh remarks from Federal Reserve Chair Jerome Powell on Thursday, were adding up to a shift in market participants' thinking about how ...
Treasury yields finish mixed as spike in rates sparks buying demand
Yields initially spiked on Friday following a solid retail-sales report for October and a surge in the New York Federal Reserve Bank's Empire State business conditions index. The benchmark 10-year ...