Get the latest updates on US markets, world markets, stock quotes, crypto, commodities and currencies. Moreover, January industrial production data remained unchanged. Markets Up-to-date stock market data coverage from CNN. Trending Stocks to Beat Earnings WMT Quick Quote WMT, 1.83, 1.54 BABA Quick Quote BABA, 10.16, 2.52 CRM Quick Quote CRM, 0.32, 1.37 EOG Quick Quote EOG. QuantumScape stock made a big move just ahead of its fourth-quarter earnings release after market close on Feb. Retail sales for January were +3% M/M versus the expected +1.7% handle and -1.1% prior figure.Īt the same time the February empire state manufacturing index data came in at -5.8 compared to the anticipated -18 level. The electric vehicle battery makers numbers.
January retail sales figures popped higher than economists forecasted. It’s a tall order, but momentum is on the side of bears." "Today’s stronger industrial production and retail sales should reinforce this trend, although the 2Y reaching 5% would either presuppose a much higher terminal rate than currently priced (5.25%) or hardly any rate cut within that horizon. Sebastian says that he expects to see a declining volatility market and gives his top stock picks for bullish swells. Yesterday, "10Y Treasuries decisively crossed the 3.75% threshold, and the 2Y is quickly converging to 5%," ING said. Mark Sebastian, founder of and CIO of Karman Line Capital and financial expert Frances Horodelski, join BNN Bloomberg to discuss how the markets will perform this year. The 10-year Treasury yield ( US10Y) rose 2 basis points to 3.78% and the 2-year yield ( US2Y) picked fell 1 basis point to 4.61%. And certain data, such as the number of job openings per applicant.
Major market averages opened lower Wednesday after a jump in retail sales numbers was released following the Tuesday CPI print.Įarly on and the Nasdaq Composite ( COMP.IND) slid 0.2%, the S&P 500 ( SP500 ) declined by 0.4%, and the Dow ( DJI ) lost 0.4%. Its current strength and tightness: We just saw a better-than-expected job report.
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