From Nasdaq: 2024-11-12 12:43:19

Stock indexes are slightly lower today, with the S&P 500, Dow Jones Industrials, and Nasdaq 100 down. Positive comments from Richmond Fed President Barkin boosted markets. Markets await US consumer price report and retail sales data. Q3 earnings beat estimates, with S&P 500 companies reporting an average 8.4% y/y increase.

Interest rates are up, with 10-year T-notes down on carryover weakness in European bonds and concerns about future inflationary pressures. European bond yields are higher, with German bund and UK gilt yields up. German Nov ZEW survey expectations unexpectedly fell. Swaps indicate a 100% chance of a -25 bp ECB rate cut.

In US stock movers, Mosaic is down over 7%, while Tyson Foods is up over 9%. Earnings reports for various companies are expected today. Airbnb, Baxter International, and others are either up or down. Honeywell International leads gainers in Dow Jones and Nasdaq 100.

Individual stocks like Nvidia, Shopify, and Twilio are up, with positive news affecting their performance. Cardinal Health is up after acquisitions. Earnings reports for a variety of companies are expected today. More stock market news available from Barchart.



Read more at Nasdaq: Stocks Slightly Lower as Indexes Consolidate Recent Rally