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Stocks cautious in Asia as oil gains, yields rise
- On Monday, U.S. stocks held relatively steady as the Nasdaq reached all-time intraday highs, though risk sentiment remained cautious amid volatile oil prices and rising Treasury yields.
- Yields on the 10-year U.S. Treasury edged up to 5.30% amid concerns over government finances, while Brent crude fluctuated between $100 and $103 due to ongoing infrastructure disruption risks in the Gulf.
- Strong corporate buyout activity supported the market, led by Schneider Electric's $22.6 billion all-cash acquisition of PTC and C.H. Robinson Worldwide's $5.8 billion deal for RXO Inc.
- Fresh data showed U.S. services sector activity slowed in September, reinforcing market expectations that the Federal Reserve may hold interest rates steady this month, traders now see an 80 percent chance.
- Goldman Sachs analysts expect most companies will "once again surpass consensus earnings estimates this quarter," as technology sector strength continues to drive market performance despite economic headwinds.
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U.S. stocks are rising near their records after a couple buyout announcements helped lift the market. The S&P 500 added 0.5% Monday and pulled within 0.5% of its all-time high, which was set during the summer. The Dow Jones Industrial…
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Idaho State Journal
Idaho State JournalUS stocks edge toward their records after oil prices ease a bit
U.S. stocks are holding relatively steady following the latest yo-yo moves for oil prices. The S&P 500 ticked up by 0.2% Monday and pulled within 0.8% of its all-time high set during the summer. The Dow Jones Industrial Average fell…
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Leaning Left51Leaning Right46Center98Last UpdatedBias Distribution50% Center
Bias Distribution
- 50% of the sources are Center
50% Center
L 26%
C 50%
R 24%
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