From Nasdaq: 2024-05-13 12:49:37

US stocks are slightly higher this morning on lower bond yields and positive corporate news. Incyte Corp is up 8%, Walgreens up 7%, and Intel up 3%. Markets are awaiting US inflation reports this week. Also, Fed Vice Chair Jefferson’s hawkish comments suggest a stable interest rate policy. Overseas markets are lower.

Interest rates are slightly up this morning, with T-notes gaining support from European bonds. Fed Vice Chair Jefferson’s comments indicate a hold on rates until inflation returns to target. European government bond yields are lower.

Stock movers today include Incyte Corp up 8%, Walgreens up 7%, Intel up 3%, and Squarespace up 13%. Gaming stocks with Macau exposure are up after China adds new travel destinations. Alphabet is down 2% after Apple’s tech agreement. MKS Instruments is down 6% after convertible notes announcement. Earnings reports listing included.



Read more at Nasdaq: Stocks Slightly Higher Ahead of This Week’s US Inflation Reports