Stocks fall, Chinese yuan crosses 7.2 against the dollar

US 10-year Treasury yield tops 4% for first time since 2010 CNBC Pro: Credit Suisse Says Now’s the Time to Buy Two Green Hydrogen Stocks – and Prices One More Than 200% to the Rise Credit Suisse says it’s time to enter the green hydrogen space, with a number of catalysts in place to boost … Read more

Dow jumps more than 300 points to bounce back from lowest level since 2020

Stocks rose on Tuesday as the Dow Jones Industrial Average and S&P 500 rebounded from their lowest closing levels in nearly two years. The Dow Jones Industrial Average advanced 328 points, or 1.1%. The S&P 500 gained 1.5% and the Nasdaq Composite rose 2%. The pound rebounded slightly after plunging to a record low against … Read more

Keurig Dr Pepper, CSX, Li Auto and more

Check out the companies making headlines before the bell: Keurig Dr Pepper – The consumer stock fell 1.5% premarket after Goldman Sachs downgraded the stock to neutral from a buy rating. The Wall Street firm said it sees increased risk to Keurig’s margins as commodity inflation, particularly related to coffee, remains high. investment related news … Read more

Stock futures rise more than 1% after S&P 500, Dow close at lowest levels since 2020

Stock futures were higher on Tuesday morning after the market started the week by continuing its dramatic September decline. S&P 500 futures gained 1.42% and Nasdaq 100 futures rose 1.6%. Those linked to the Dow Jones Industrial Average advanced 379 points, or 1.27%. The futures move comes after five straight days of losses for stocks, … Read more

Stocks trade higher after negative start to the week

Visitors stand in front of an electronic ticker at the Tokyo Stock Exchange (TSE), operated by Japan Exchange Group Inc. (JPX), in Tokyo, Japan, Monday, Nov. 30, 2020. Toru Hanai | Bloomberg via Getty Images Asia-Pacific stocks were mixed on Tuesday after sharp falls on Monday. The Nikkei 225 in Japan rose 0.61% and the … Read more

Bank of England monitoring markets ‘very closely’ after pound falls

Analysts expect the Bank of England to raise interest rates more aggressively after Monday morning’s market turmoil. Sopa Pictures | Light flare | Getty Images LONDON — The Bank of England said on Monday it was watching developments in financial markets “very closely” after a dramatic morning of turmoil saw the pound sterling fall to … Read more

El-Erian says the Fed has made a ‘policy mistake of historical proportions’

Investors are paying the price for Federal Reserve policy mistakes, according to Allianz economic adviser Mohamed El-Erian. “This is a two-part policy error of historic proportions,” the former CEO of bond giant Pimco told CNBC’s “Squawk Box” on Monday. “Part No. 1 was seduced by ‘transitional’ and doing nothing,” he added, referring to the term … Read more

Dow erases losses as tech rally helps overcome dollar pressure

The Dow Jones Industrial Average erased earlier losses as a rally in tech stocks offset dollar pressure. The Dow Jones fell 76 points, or 0.3%. The S&P 500 gained 0.2% and the Nasdaq Composite rose 1.1%. Consumer discretionary and information technology supported stocks, up 1.3% and 0.8%, respectively. Casino stocks outperformed after Macau said it … Read more

European markets open to close; sterling slumps against the dollar

Brent crude slides below $85 a barrel as dollar soars Brent crude fell below $85 a barrel on Monday as recession fears grew and the U.S. dollar surged. Brent futures for November settlement were trading down more than 1% around $84.92 at 8 a.m. London time. West Texas Intermediate futures also fell to trade around … Read more

Here’s our plan for Monday after another painful week to own stocks

Stocks took a beating this week as the Federal Reserve raised interest rates another 75 basis points, the third straight hike of this magnitude. It wasn’t the rate move – which the market had been pricing in – but Fed Chairman Jerome Powell’s hawkish comments on Wednesday that hurt stocks. It is now targeting a … Read more