From “NASDAQ”:

Today’s market roundup includes news on the 10-year Treasury auction, US CPI revisions, and how the job market and economy are looking better than expected. The Fed is congressionally mandated to solve for price stability and maximum employment. Despite real rates no longer falling, equities continue to rise and earnings are crucial for sustained performance.

Key takeaways include that equities are mixed, consumers’ confidence and sentiment have not recovered since the pandemic, and concerns about a possible economic slowdown or recession. There is also insight into the European markets and upcoming earnings reports. ESG news includes the EU reaching a clean-tech deal and Norges divesting from companies not meeting ESG standards.

In broader news, a Federal Reserve official believes that a hot labor market will not derail plans for interest rate cuts. Additional hikes by the Bank of Japan are expected, and there are concerns about lower borrowing costs leading to a flare-up of inflation. There are also updates on various global markets, companies, and trade relations.

In the oil and energy sector, there are updates on US oil output, Venezuelan oil industry concerns, and India’s role as the world’s biggest oil demand growth driver. Exxon and Equinor also pledge stable oil and gas output. The news also covers the launch of a joint sports streaming platform by ESPN, Fox, and Warner Bros. Discovery.



Read more: Equities Mostly Higher but Small Caps Underperform