income

  • US stocks end down, crude slides amid Fed, geopolitical crosscurrents

    U.S. stocks closed lower on Wednesday as crude prices tumbled and investors weighed cautious U.S. Federal Reserve commentary and ongoing geopolitical strife against mixed quarterly earnings. Benchmark U.S. Treasury yields and the dollar eased back from multi-month highs, while gold backed down from its all-time high.   All three major U.S. stock indexes ended the session in the red, with the tech shares dragging the Nasdaq down 1.15%. “April has been a little disappointing for investors, but remember stocks have gained the past five months, some kind of pause or break would be perfectly normal, and we very well could be seeing that right now,” said Ryan Detrick, chief market strategist at Carson Group in Omaha, Nebraska. U.S. Federal Reserve Chair Jerome Powell declined to provide guidance on Tuesday regarding the timing and extent of expected interest rate cuts, but said policy needs to be restrictive for longer, dimming hopes for rate cuts this year. “The realization that Powell is pushing back on when the interest rate cuts might start has added to the overall confusion, solidifying the assumption that…

    stock index April 18, 2024
  • Are there fewer and fewer people wanting the huge amount of U.S. debt issued?

    Recently, the sharp rise in international gold prices has attracted the attention of investors from almost all over the world. Behind the frenzied buying in the gold market, another safe-haven asset, U.S. Treasury bonds, presents a completely different scene of depression. A series of weak performance at U.S. Treasury auctions has stoked investor concerns that the market will struggle to absorb the massive issuance of Treasury debt. In the past week, after weak demand for the US$39 billion 10-year Treasury bond auction, the bond market sell-off triggered by higher-than-expected U.S. CPI in March intensified. Investors also showed little interest in the three-year and 30-year U.S. Treasury auctions. Behind the growing caution among bond market investors is the growing belief that U.S. inflation is not yet fully under control and that the Federal Reserve will keep interest rates at multi-decade highs in the coming months or even years. The yield on the 10-year U.S. Treasury note, known as the “anchor of global asset pricing” and the benchmark for pricing borrowing rates from mortgages to corporate loans, closed at around 4.5% last…

    stock options April 15, 2024