From Nasdaq: 2024-06-10 11:40:09

Stock indexes are slightly lower with the S&P 500, Dow Jones, and Nasdaq all down. Higher bond yields are pressuring stocks after positive May payroll report data. The Fed is expected to hold rates steady this week with no cuts anticipated. Q1 earnings largely beat estimates, giving support to stocks.

Interest rates are down as the 10-year T-note yield rises. European government bond yields are higher. ECB policymakers are cautiously watching inflation for rate decisions. US stock movers see losses for Huntington Bancshares and Illumina, while Advanced Micro Devices faces a downgrade. Winners include Southwest Airlines and Crowdstrike.

Key earnings reports today include Autodesk Inc and Children’s Place Inc. The stock market remains volatile amidst speculation over Fed rate cuts and global economic trends. Investors are watching upcoming economic reports and stock movements closely for potential shifts in market sentiment. Market dynamics are impacted by a range of factors, from company performance to international events.



Read more at Nasdaq: Stocks Under Pressure from Higher Bond Yields