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S&P 500, Nasdaq fall, yields rise after hawkish Fedspeak
U.S. stocks finished mostly lower Wednesday to start March as key manufacturing data offered mixed results and two Federal Reserve officials suggested a more aggressive rate-hiking campaign in the coming months. The S&P 500 (^GSPC) declined by 0.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, while the Dow Jones Industrial Average (^DJI) was flat. Contracts on the technology-heavy Nasdaq Composite (^IXIC) fell by 0.6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The yield on the benchmark 10-year U.S. Treasury note moved upward and briefly touched 4{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Wednesday. Crude oil traded higher, with U.S. benchmark WTI up at $77.73 a barrel. On the economic data side, U.S. manufacturing firms signaled a grim outlook for the sector, according to the latest PMI data from S&P Global.…
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Pending Home Sales Crush Estimates, Rise 8.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} in January | Economy
Pending property sales ongoing their rebound in January, blasting earlier estimates with an 8.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} enhance and marking the second thirty day period in a row they have risen, the Countrywide Association Realtors stated Monday. The organization’s index, a forward-hunting indicator as it demonstrates deal signings that may possibly not shut for a month or so, hit 82.5, up from December’s 76.9. Economists had envisioned a 1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} maximize for the month. Though good, the speed of income is even now 24.1{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} under a yr back as mounting home finance loan and limited inventories take their toll on the housing market place as it prepares for the spring shopping for period. Even…
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Stocks rise as Wall Street rebounds from worst week of 2023
U.S. stocks rose on Monday, fueling a rebound from Wall Street’s worst week of the 12 months. The S&P 500 (^GSPC) rose by .3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, even though the Dow Jones Industrial Normal (^DJI) attained .2{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. Contracts on the technology-large Nasdaq Composite (^IXIC) amplified by .6{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The yield on the benchmark 10-12 months U.S. Treasury note ticked down to 3.93{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} Monday. On the economic details aspect, new orders for created durable goods in January plunged to 4.5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, the most significant fall due to the fact April 2020, the Census Bureau claimed. The fall was additional pronounced than economist estimates of 4.{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. “The production sector will remain underneath tension in the months in…
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S&P 500 snaps four-day losing street, Dow, Nasdaq rise
U.S. stocks scrambled bigger Thursday to close a back again-and-forth session in the green following charge problems drove 4 consecutive times of declines for the S&P 500 (^GSPC). The benchmark U.S. equity index gained .5{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}, when the Dow Jones Industrial Normal (^DJI) added 110 details, or .3{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. The know-how-significant Nasdaq Composite (^IXIC) climbed .7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502}. A batch of economic info strike traders’ desks early Thursday. The government’s next estimate of fourth-quarter GDP was downwardly revised to 2.7{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} compared to 2.9{515baef3fee8ea94d67a98a2b336e0215adf67d225b0e21a4f5c9b13e8fbd502} described final thirty day period in the preliminary reading, reflecting weaker customer investing and better inflation figures in the ultimate a few months of 2022. In the meantime, filings for unemployment…
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Electrifying The Automotive Industry: The Rise Of QuantumScape (NYSE:QS)
PhonlamaiPhoto/iStock by way of Getty Pictures QuantumScape (NYSE:QS) is a company at the forefront of the shift from common combustion engines to cutting-edge battery-electrical powertrains. The sector for battery-electric powered motor vehicles is growing speedily, and QuantumScape is poised to direct the demand with its innovative anode-free lithium-metal technologies. This engineering features pros more than conventional lithium-ion batteries, together with larger power density, quicker charging speeds, and the capacity to maximize the number of layers while preserving performance. The organization is performing tirelessly to provide its QS- production line to complete industrial potential. The firm believes it stands by itself with its pioneer good-point out separator for lithium-metallic batteries. This…
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‘There’s a curiosity about what’s behind the curtain’: the rise and rise of TV sports reality shows | Media
There’s a moment early in the first episode of Netflix’s behind-the-scenes tennis show Break Point at which 22-year-old Costeen Hatzi, current girlfriend of the Australian ace Nick Kyrgios, laughingly admits that she has never watched a tennis match in her life. “This is all new for me,” she says. In this respect she is a mirror image of the viewer that the streaming service, and indeed tennis itself, wants to attract. Sports television has long been the preserve of dedicated fans, the kind of people who can reel off scores, records, statistics, and tend to be what James Gay-Rees, the award-winning British producer of Break Point, calls “a male, pale…
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