Bond yields pause near recent highs, stocks steady ahead of Nvidia results
- On Wednesday, U.S. markets are poised to open with gains as Treasury yields eased, with investors turning their attention toward Nvidia, which reports first-quarter earnings after the closing bell.
- Rates have spiked in recent days after economic reports revealed inflation may be reigniting, while traders await the Federal Reserve's April meeting minutes due at 2:00 p.m. ET today.
- Target rose 2% after reporting a sales jump, while Toll Brothers added 2% with earnings of $2.72 per share and Red Robin surged 14% after beating first-quarter expectations.
- Ben Snider, chief U.S. equity strategist at Goldman Sachs, noted that the chipmaker has contributed about 20% of the S&P 500's returns this year, signaling Nvidia's role in the AI infrastructure buildout.
- U.S. benchmark crude oil fell $2.65 to $101.50 per barrel early Wednesday, providing relief from energy price pressures that can hamper economic growth amid mixed global market conditions.
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48 Articles
Herald Bulletin
US stocks rally as pressure eases from the bond market and oil prices fall
The U.S. stock market is bouncing back after pressure eased on Wall Street from the bond market and oil prices gave back some of their big gains. The S&P 500 climbed 0.9% Wednesday toward its first rise in four days…
SooLeader.com
Marietta Daily JournalUS stocks bounce back after pressure eases from the bond market and oil prices fall
The U.S. stock market is bouncing back after pressure eased on Wall Street from the bond market and oil prices gave back some of their big gains
US stocks edge toward their first gain in 4 days after strong profit reports
NEW YORK (AP) – The U.S. stock market is ticking toward its first gain in four days following strong profit reports from many big companies, while pressure eased on Wall Street from the bond market. The S&P 500 rose 0.3% early Wednesday and pulled closer to its all-time high set last week. The Dow Jones Industrial Average slipped 62 points, and the Nasdaq composite added 0.6%. TJX Cos. Inc., the company behind TJ Maxx, Marshalls and other stores…
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