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Dow JonesNasdaq CompositeS&P 500$NUE

US Equity Markets Mixed After Government Bond Yields Rise, Crude Oil Prices Fall

US equity indexes were mixed Friday as government bond yields rebounded, with the 10-year hovering near its highest level in almost two decades, while crude oil prices fell.* US equity funds recorded outflows for a fourth consecutive week as rising crude oil prices heightened inflation concerns and expectations of a Fed rate increase added to investor caution ahead of its policy decision, Reuters reported.* "We now expect two more hikes from the [Federal Reserve in the next 12 months], and our commodity analysts see energy markets facing a convergence of supply chain disruptions," Morgan Stanley said in a note.* October West Texas Intermediate crude oil fell $2.26 to settle at $99.65 per barrel, while November Brent crude, the global benchmark, was last seen down $1.64 at $103.18.* Nucor (NUE) shares were down 6.3%, the worst performer on the S&P 500, after the company said late Thursday it expects Q3 earnings of $5.55 to $5.65 per diluted share, below analysts' estimates.

Update: US Equity Indexes Mixed as Benchmark Treasury Yield Rises 5%

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed in the final leg of trading while government bond yields rebounded, with the 10-year hovering near its highest level in almost two decades.The Nasdaq Composite rose 0.2% to 26,460.5, and the S&P 500 edged up less than 0.1% to 7,642.1 ahead of Friday's close. The Dow Jones Industrial Average slipped 0.2% to 51,688.5. Materials and utilities led decliners."We now expect two more hikes from the [Federal Reserve], and our commodity analysts see energy markets facing a convergence of supply chain disruptions," Morgan Stanley said in a note after Wednesday's 25-basis-point rate increase. "A higher expected path for oil prices means disinflation will be slower, and more restrictive policy also weighs on growth in 2027."Morgan Stanley expects rate increases of the same magnitude in December and March, to a target range of 4.25 to 4.50%. "They hold there through the end of next year."US Treasury yields rose after midday. The 10-year yield jumped 5.5 basis points to 5%, trading near its strongest level since 2007. The two-year yield climbed 5.5 basis points to 4.75%, a multi-month high.The front-month US West Texas Intermediate crude oil contract fell 2.3% to $99.61 per barrel, while the global benchmark North Sea Brent declined 1.6% to $103.09 per barrel.

Dow JonesNasdaq CompositeS&P 500$NUE

Update: US Equity Indexes Fall as Benchmark Treasury Yield Jumps Back Above 5%

(Updates with index/price moves and company/geopolitical news from the first paragraph.)US equity indexes fell as government bond yields rebounded, with the 10-year hovering around its highest in almost two decades.The Nasdaq Composite slipped 0.1% to 26,383.5, the S&P 500 declined 0.2% to 7,619.6, and the Dow Jones Industrial Average retreated 0.4% to 51,563.9 after midday Friday.US Treasury yields rose after midday. The 10-year yield jumped 5.1 basis points to 5%, trading near its strongest level since 2007. The two-year yield climbed 5.1 basis points to 4.74%, a multi-month high.The front-month US West Texas Intermediate crude oil contract rose 0.2% to $101.70 per barrel, while the global benchmark North Sea Brent slipped 0.5% to $104.28 per barrel.In company news, Nucor (NUE) shares slumped 6%, one of the worst performers on the S&P 500, after the company said late Thursday it expects Q3 earnings of $5.55 to $5.65 per diluted share, falling short of analysts' consensus.

Dow JonesNasdaq CompositeS&P 500$LMT$RTX

US Equity Futures Slightly Higher Pre-Bell as Major Averages Rebound After Fed-Induced Sell-Off

US equity futures were slightly higher pre-bell Friday as the major stock averages posted a rebound after a decline following Wednesday's first Federal Reserve interest rate hike since 2023.Dow Jones Industrial Average futures were flat, S&P 500 futures were up 0.1%, and Nasdaq futures were 0.3% higher.The US State Department has approved a potential $24.3 billion sale of 48 Lockheed Martin (LMT) F-35 fighter jets and related equipment to Saudi Arabia, as the Middle Eastern nation faces escalating attacks from Iran-backed Houthi forces. Lockheed Martin and RTX's (RTX) Pratt & Whitney would be the main contractors, according to a congressional notification issued Thursday.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 1.4% at $103.32 per barrel and US West Texas Intermediate crude 0.4% lower at $101.51 per barrel.The August industrial production report, due at 9:15 am ET, is projected to show a 0.3% gain following a 0.2% increase in the prior month, according to estimates compiled by Bloomberg.August's leading indicators data is scheduled to be released 10 am ET.Federal Reserve Governor Michelle Bowman, and Kansas City President Jeff Schmid are slated to speak on Friday.

Dow JonesNasdaq CompositeS&P 500$AMZN$GNRC$PSKY$WBD

US Equity Markets End Higher After Government Bond Yields, Crude Oil Prices Fall

US equity indexes ended higher Thursday as government bond yields dropped after the Federal Reserve reaffirmed plans to tame inflation and amid a decline in crude oil prices.* China has privately asked Tehran to help rein in Yemen's Houthis after an appeal to Beijing by Saudi Arabia following the Iran-backed group's military blitz in the past week, Reuters reported, citing three Iranian sources familiar with the matter.* In the week ended Sept. 12, 196,000 people filed for unemployment insurance, down 10,000 from the prior week. The consensus was 207,000, according to a Jefferies note.* October West Texas Intermediate crude oil fell $1.19 to settle at $101.24 per barrel, while November Brent crude, the global benchmark, was last seen down $1.72 at $104.11.* Generac (GNRC) shares rose roughly 18%, the top gainer on the S&P 500, a day after signing a long-term supply deal with Amazon (AMZN) to provide backup power generators. Canaccord Genuity also raised its price target on the company while keeping its buy rating.* Paramount Skydance (PSKY) will meet with the Writers Guild of America and state attorneys general who are seeking to block its merger with Warner Bros. Discovery (WBD) for a two-day, court-mandated settlement conference starting Oct. 14, according to media reports citing a court filing Wednesday. Paramount Skydance shares fell about 4.6%, among the worst performers on the S&P 500.

Dow JonesNasdaq CompositeS&P 500$AMD$ARM$INTC

Update: US Equity Indexes Rise as Fed's Commitment to Controlling Inflation Sinks Treasury Yields

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose as government bond yields slumped after the Federal Reserve reaffirmed its commitment to taming inflation and as crude oil prices fell.The Nasdaq Composite jumped 1.7% to 26,429.1, the S&P 500 climbed 1.2% to 7,641.4, and the Dow Jones Industrial Average advanced 0.6% to 51,786.8 ahead of Thursday's close.The US Federal Reserve raised its benchmark lending rate by 25 basis points in a unanimous vote on Wednesday to combat sticky inflation, while signaling another hike later this year. The Federal Open Market Committee lifted the fed funds rate to 3.75% to 4%, the first time it has tightened monetary policy since July 2023."After more than five years of significantly elevated inflation, a period which included a rate cutting cycle, the new Warsh Fed appears to be taking a step in the right direction to combat dangerously high price pressures," Lindsey Piegza, Stifel chief economist, said in a note.US Treasury yields retreated after midday. The 10-year yield fell 7.1 basis points to 4.93%, and the two-year yield slid 5.4 basis points to 4.67%.In a category of stocks with market capitalization exceeding $200 billion, Intel (INTC), Arm (ARM), and Advanced Micro Devices (AMD) were among the top 10, according to data compiled by Finviz.The front-month US West Texas Intermediate crude oil contract dropped 1.3% to $101.15 per barrel, and the global benchmark North Sea Brent fell 1.8% to $103.91 per barrel.

US Equity Indexes Rise as Treasury Yields Slump After Fed Reaffirms Commitment to Controlling Inflation

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes rose as government bond yields slumped after the Federal Reserve reaffirmed its commitment to taming inflation while tightening policy, and as crude oil prices fell.The Nasdaq Composite jumped 1.5% to 26,354.1, the S&P 500 climbed 0.9% to 7,617.4, and the Dow Jones Industrial Average advanced 0.4% to 51,677.9 after midday Thursday.The US Federal Reserve raised its benchmark lending rate by 25 basis points in a unanimous vote on Wednesday to combat sticky inflation, while signaling another hike later this year. The Federal Open Market Committee lifted the fed funds rate to 3.75% to 4%, the first time it has tightened monetary policy since July 2023."After more than five years of significantly elevated inflation, a period which included a rate cutting cycle, the new Warsh Fed appears to be taking a step in the right direction to combat dangerously high price pressures," Lindsey Piegza, Stifel chief economist, said in a note.US Treasury yields retreated after midday. The 10-year yield fell 5.1 basis points to 4.95%. The two-year yield slid 4.2 basis points to 4.69%.Meanwhile, China has privately asked Tehran to help rein in Yemen's Houthis after an appeal to Beijing by Saudi Arabia following the Iran-backed group's military blitz in the past week, three Iranian sources familiar with the matter told Reuters. Riyadh turned to China for help after the Houthis made rapid advances along the Red Sea coast and around the Bab el-Mandeb Strait, moves that have left Saudi oil exports and shipping more exposed, the sources told the news agency.The front-month US West Texas Intermediate crude oil contract dropped 1.7% to $100.74 per barrel, and the global benchmark North Sea Brent fell 2.3% to $103.26 per barrel.

US Equity Futures Higher Pre-Bell as Traders Assess Fed Interest-Rate Increase

US equity futures were edging higher pre-bell Thursday as traders evaluated the Federal Reserve's interest-rate increase and the possibility of further monetary policy tightening.Dow Jones Industrial Average futures were 0.8% higher, S&P 500 futures were up 0.8%, and Nasdaq futures were 1.1% higher.The US Federal Reserve raised its benchmark lending rate by 25 basis points in a unanimous vote on Wednesday to combat sticky inflation, while signaling another hike later this year. The Federal Open Market Committee lifted the federal funds rate to a range of 3.75% to 4%, the first time it has tightened monetary policy since July 2023."We must be confident that underlying inflation is moving to our objective, clearly and at sufficient speed," Federal Reserve Chair Kevin Warsh said at a press conference. "Today the FOMC decided that this standard has not been satisfied."President Donald Trump told reporters Wednesday evening that the US is "hopefully" nearing the end of the war with Iran, adding that the Middle Eastern country wants to make a deal.Oil prices were lower, with front-month global benchmark North Sea Brent crude down 2.3% at $103.35 per barrel and US West Texas Intermediate crude 1.7% lower at $100.73 per barrel.Housing starts for August, slated for 8:30 am ET, are expected at 1.320 million units annually, up from 1.239 million, according to estimates compiled by Bloomberg. The weekly jobless claims bulletin is expected to show 207,000 new unemployment claims for the week ended Sept. 12, up from 206,000 in the prior week. The Philadelphia Fed's regional manufacturing index for September is seen coming in at 32.1, down from 47.4 posted previously.Pending home sales for August, slated for 10 am ET, are seen dropping 0.1% after a decrease of 2.3% in the prior month.

Dow JonesNasdaq CompositeS&P 500$AXON$JBHT

US Equity Markets End Lower After Federal Reserve Increases Policy Rate

US equity indexes ended lower Wednesday after the Federal Reserve hiked interest rates, citing persistent inflation.* In a unanimous decision, the Fed raised the policy rate by a quarter percentage point to between 3.75% and 4%, the first hike from the central bank since July 2023. The Fed also signaled that another hike could come later this year if inflation continues to persist.* According to the Census Bureau, Retail sales grew 1.2% in August following a 0.5% decline the month before, compared with 0.8% increase in a Bloomberg-compiled survey.* October West Texas Intermediate crude oil fell $3.72 to settle at $102.11 per barrel, while November Brent crude, the global benchmark, was last seen down $3.28 at $105.47.* Axon Enterprise (AXON) shares rose about 6%, among the top performers on the S&P 500 and the Nasdaq, after the company priced an offering of $1 billion of convertible senior notes due 2031.* J.B. Hunt Transport Services (JBHT) expects earnings from Q2 to Q3 to fall 5% to 10%, Chief Financial Officer Brad Delco said Tuesday on a conference call. Shares were down roughly 13%, among the worst performers on the S&P 500.

US Equity Indexes Mixed as Fed Set to Tighten Monetary Policy

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes traded mixed ahead of a likely interest-rate increase from the Federal Reserve later on Wednesday.The Nasdaq Composite rose 0.8% to 26,195.6, the S&P 500 climbed 0.4% to 7,619.2, and the Dow Jones Industrial Average was little changed at 52,115.1 after midday. All sectors except energy and financials advanced. Technology and industrials led gainers.Ahead of the Fed's policy announcements on Wednesday, including an update of the Summary of Economic Projections, interest rate traders are now pricing in a 93% probability that the central bank will raise its target rate by 25 basis points, up from 33% a month ago, according to the CME FedWatch tool. The remaining likelihood is that the central bank will extend its pause.US Treasury yields, however, retreated ahead of the policy decision. The 10-year yield dropped 4.1 basis points to 4.96%, declining from its highest since 2007. The two-year yield slumped 4.4 basis points to 4.62%, after touching multi-year highs this week.Saudi Arabia said a drone launched by the Houthis towards Mecca was intercepted, while the Iran-aligned militia group denied targeting the holy site, calling the accusation a "nauseating lie," Al Jazeera, a Middle Eastern broadcaster, reported Wednesday. The Houthis said they targeted oil facilities in Saudi Arabia's Yanbu port and Khamis Mushait airbase, the news report said, adding that Riyadh has not commented on the claims.The front-month US West Texas Intermediate crude oil contract sank 3.9% to $101.68 per barrel, and the global benchmark North Sea Brent slid 3.3% to $105.17 per barrel.Gold futures jumped 1.4% to $4,393.2, and silver futures rose 2% to $65.11.

US Equity Futures Rise Pre-Bell as Traders Await Fed Rate Decision

US equity futures were edging mostly higher pre-bell Wednesday as traders geared up for the interest rate decision from the Federal Reserve later in the day.Dow Jones Industrial Average futures were 0.2% higher, S&P 500 futures were up 0.3%, and Nasdaq futures were 0.5% lower.The Federal Open Market Committee's statement following Wednesday's meeting is due for release at 2:00 pm ET, with Federal Reserve Chairman Kevin Warsh's press conference scheduled to begin at 2:30 pm ET. There is a 92.5% chance the Fed will raise rates by 0.25%, according to the CME Group FedWatch indicator.Oil prices declined amid a Reuters report that Saudi Arabia is offering crude oil cargoes via ship-to-ship transfer at Oman's Sohar port. Further, US crude oil, gasoline, and distillate inventories increased last week, according to the report.The front-month global benchmark North Sea Brent crude was down 1.4% at $107.25 per barrel and US West Texas Intermediate crude was 2.3% lower at $103.40 per barrel.The August retail sales report, slated for 8:30 am ET, is forecast to show a 0.8% increase following a 0.6% decline in the previous month, according to estimates compiled by Bloomberg.The August import price index is expected to show a 0.5% month-over-month gain after a 0.4% decrease previously. The export price index is projected to show a 0.6% increase, compared with a prior decline of 1.3%.The September US housing market index, slated for 10 am ET, is expected at 34, compared with 35 from the prior month.

^NZ50ASX:FPHASX:SPKNZE:FPHNZE:SPK

NZX Midday Sector Update: Health Technology Rises, Communications Fall

Health technology stocks gained the most on New Zealand's Exchange, rising past 1% by midday Wednesday.Fisher & Paykel Healthcare (NZE:FPH, ASX:FPH) shares climbed 2% in recent trade.Meanwhile, the communications sector shares fell almost 1%.Spark New Zealand (NZE:SPK, ASX:SPK) was down nearly 1% in recent trade.

Japan6d ago

US Equity Markets End Lower as 10-Year Treasury Yield Climbs to Highest Since 2007, Oil Jumps

US equity indexes ended lower Tuesday after US 10-year Treasury yields rose to the highest since 2007 and oil prices climbed further.* Saudi Arabia issued security alerts over a range of areas, including Mecca and Jeddah, following a week of attacks from Iran-aligned fighters that have drawn it deeper into the Middle East war, Reuters reported.* Ahead of the Federal Reserve's monetary policy meeting on Wednesday, the likelihood of an interest rate increase by 25 basis points rose to 94.5% from 33.1% a month earlier, according to the CME FedWatch tool.* West Texas Intermediate crude oil rose $4.63 to settle at $106.02 per barrel, while global benchmark Brent was last seen up $3.08 at $108.76.* Axon Enterprise (AXON) shares fell 9.8%, the steepest decline on the Nasdaq, as the company intends to offer $1 billion of 0% convertible senior notes due 2031.* Skyworks Solutions (SWKS) shares rose 14%, the biggest gain on the S&P 500, on improving sentiment tied to Apple's (AAPL) new product line and progress on the Qorvo (QRVO) merger. Qorvo shares rose 9.3%.

Dow JonesNasdaq CompositeS&P 500$AXON$QRVO$SWKS

Japan6d ago

Update: US Equity Indexes Drop as 10-Year Yield Hits 19-Year High, Crude Oil Prices Surge

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes fell as the 10-year Treasury yield touched a 19-year high and crude oil extended gains, reflecting a strong likelihood of an interest-rate increase this week amid a worsening Iran war.The Nasdaq Composite fell 0.9% to 25,956.1, the S&P 500 declined 0.5% to 7,579.5, and the Dow Jones Industrial Average dropped 0.7% to 52,059.7 ahead of Tuesday's close. All sectors except energy and materials slid, with consumer discretionary leading decliners.The Federal Reserve kicked off its two-day monetary policy meeting on Tuesday. Ahead of the Fed's announcements on Wednesday, interest rate traders are now pricing in a 95% probability that the central bank will raise its target rate by 25 basis points, up from 33% a month ago, according to the CME FedWatch tool.Most US Treasury yields rose. The 10-year yield jumped 3.9 basis points to 5%, earlier touching 5.04%, the highest since 2007. The two-year yield advanced 3.1 basis points to 4.67%.Saudi Arabia issued security alerts over a range of territory on Tuesday, including in the holy city of Mecca and the second-largest city, Jeddah, following a week of attacks from Iran-aligned fighters that have drawn it deeper into the Middle East war, Reuters reported. The Iran-aligned Houthis in Yemen have carried out attacks on Saudi Arabia over the past week, including strikes on an air base on Monday, the news agency said.The front-month US West Texas Intermediate crude oil contract surged 4.2% to $105.64 per barrel, and the global benchmark North Sea Brent jumped 2.6% to $108.41 per barrel.

Japan6d ago

Update: US Equity Indexes Fall as Benchmark Treasury Yield Touches Highest in Almost Two Decades, Crude Oil Extends Gains

(Updates with index/price moves and geopolitical news from the first paragraph.)US equity indexes declined after the 10-year benchmark government bond yield hit a 19-year high and crude oil jumped as a Tehran-aligned militia group continues to pull Saudi Arabia into the Iran war.The Nasdaq Composite fell 0.6% to 26,029.1, the S&P 500 declined 0.5% to 7,583.2, and the Dow Jones Industrial Average dropped 1% to 51,917.5 after midday Tuesday. All sectors except energy retreated. Consumer discretionary and communication services led decliners.The Federal Reserve kicked off its two-day monetary policy meeting on Tuesday. Ahead of the Fed's announcements on Wednesday, interest rate traders are now pricing in a 93% probability that the central bank will raise its target rate by 25 basis points, up from 33% a month ago, according to the CME FedWatch tool.Most US Treasury yields rose. The 10-year yield jumped 5.1 basis points to 5.01%, earlier touching 5.04%, the highest since 2007. The two-year yield advanced 3.1 basis points to 4.67%.Yemen's Iran-aligned Houthis launched a new wave of attacks on Saudi Arabia and were digging into positions on the western coast of Yemen along the Red Sea, Yemeni officials said, as urgent deliberations took place in Riyadh over how to respond to their lightning advance, according to a Reuters news report.Iran's semi-official Fars news agency reported that the Iran Revolutionary Guards Corps has shot down another US-developed MQ-1 drone over Hormuz, Al Jazeera, a Middle Eastern broadcaster, said. This is the third such drone downed in the area on Tuesday, the report said, citing the IRGC.The front-month US West Texas Intermediate crude oil contract jumped 1.9% to $103.27 per barrel, and the global benchmark North Sea Brent rose 1.5% to $107.28 per barrel.