From Nasdaq: 2024-04-15 12:51:22

Stock indexes are up today, with the S&P 500 (+0.20%), Dow Jones (+0.24%), and Nasdaq 100 (+0.16%) all showing gains. Markets react positively to hopes of diplomatic solutions to the conflict between Iran and Israel. Williams’ comments hint at potential interest rate adjustments. Bond yields rise after strong retail sales data.

US retail sales in March exceeded expectations, with a +0.7% increase and a +1.1% uptick excluding autos. The Empire manufacturing survey showed weaker conditions than anticipated. Business inventories rose as forecasted. The NAHB housing market index remained steady at 51. Overseas markets are mixed with notable shifts in Euro Stoxx 50, Shanghai Composite, and Japan’s Nikkei.

European government bond yields are on the rise. Industrial production in the Eurozone met expectations. ECB members hint at rate cuts in upcoming meetings. Apple and Tesla stocks drop due to shipment and demand concerns while M&T Bank and Goldman Sachs show gains. Centene secures a major contract in Florida, impacting stock performance.

Intel and Nvidia gain, while Salesforce and Molina Healthcare decline. Charles Schwab reports strong new brokerage accounts. Earnings reports for April 15 include companies like Goldman Sachs, M&T Bank, and Charles Schwab. Market movements reflect optimism, data releases, and company-specific developments in a dynamic trading environment.



Read more at Nasdaq: Stocks Rise but Gains Limited by Rising Bond Yields