- Stock indexes closed mixed on Thursday, with the S&P 500 hitting a 3-week high. Dow Jones and Nasdaq 100 fell due to higher bond yields. Initial jobless claims reached a 3-year low, impacting T-note yields. December E-mini S&P futures rose, while Nasdaq futures fell.
- BOJ likely to raise interest rates, pushing Japan JGB yields to 18-year high. Chipmaker weakness affected overall market. Dollar General, Meta Platforms, and Hormel Foods saw stock boosts. US Nov Challenger job cuts up 23.5% y/y. Weekly initial unemployment claims dropped to 3-year low.
- US Sep factory orders slightly weaker than expected. Trump to announce new Fed Chair in early 2026. Fed’s independence questioned as Kevin Hassett seen as likely successor. Markets focus on US economic news. Expectations for rate cut at next FOMC meeting stand at 91%.
- Q3 corporate earnings season ending positively. Majority of S&P 500 companies exceeded forecasts. Overseas stock markets settled mixed. Interest rates rose on Japanese and US fronts. European government bond yields mixed. Eurozone retail sales unchanged.
- Chip makers’ weakness impacted market. Intel, ON Semiconductor, and Micron Technology led losers. Genesco, Symbotic, and Snowflake saw significant drops. UiPath and Science Applications International reported strong gains. Dollar General, Meta Platforms, Salesforce, and Hormel Foods also rose.
- Five Below reported positive results. Earnings reports for National Beverage Corp and Victoria’s Secret & Co expected on 12/5/2025. Author didn’t have positions in mentioned securities. Disclaimer included in article.
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