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Market News

Location American Market News for 3 October 2023

Dow's 2023 Gains Wiped Out as Bond Yields Rise

Wall Street Journal - 3 Oct 2023 22:47
The 10-year Treasury yield exceeds 4.8% for the first time since August 2007. Nearly 13% of stocks in the S&P 500 index hit new 52-week lows.
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Will Markets Rebound From A Rocky September? After a rough September, will markets recover as we approach year-end? Commonwealth CIO Brad McMillan takes a look ahead.
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India While the world's third-largest consumer of crude oil won't panic, the effect could be "recessionary" for many emerging economies, according to Hardeep Singh Puri.
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Passive fund investments: Tracking the divergence in risk versus return For long-term investments, TD is likely to be more important than the TE
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Will return to office give a new lease of life to Reits? Reits are trading at a discount now but this is set to change as hybrid mode of working ends
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Despite Economic Risks, Companies Hanging On to Their Workers

Wall Street Journal - 3 Oct 2023 18:27
Layoffs are low even as the economy faces hurdles ranging from strikes to oil prices.
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Is Coinbase Stock A Buy After Bitcoin ETF Ruling? Coinbase and bitcoin saw their prices surge briefly at the end of August, but those gains have largely receded in this gloomy macro climate and continued resistance from the SEC to approve spot bitcoin ETFs. Here's how t...
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What's Happening Today at the Sam Bankman-Fried Trial

Wall Street Journal - 3 Oct 2023 17:29
Follow FTX founder Sam Bankman-Fried's criminal trial with daily observations from the courthouse.
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As Tesla Deliveries Sputter, BYD Looks Alluring

Wall Street Journal - 3 Oct 2023 17:03
Tesla appears overvalued when compared with traditional carmakers. Less appreciated is the huge valuation gap that has opened up relative to its closest electric-vehicle peer.
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Which Is A Better Pick - UPS Stock Or Archer-Daniels-Midland? Although these companies are from different sectors, we compare them because they have a similar revenue base of about $100 billion.
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Here's Why Largest U.S. Utility Stock Just Tanked To A 3.5-Year Low As Sector Flails Rising interest rates keep battering utilities as higher bond yields make dividend payouts less attractive to investors.
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The September Stock Slide Is Serving Up Big Bargain Dividends What happened to the stock-market rally? Simple: it's been undermined by two overdone fears: of a housing-market correction and worries around a government shutdown.
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Here's Why Intuit Stock Is A Better Pick Over Amgen Looking at stock returns, INTU has fared better.
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U.S. Exchanges An Attractive Option For Globally Competitive Southeast Asian Companies Where are the high-growth companies aiming to go public when major economies, including the United States, are still struggling to regain their footing?
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Why Hydrogen Stocks Like FuelCell And Bloom Energy Are Lagging This Year Our theme of Hydrogen Economy Stocks, which includes the stocks of U.S. listed companies that sell hydrogen fuel cells, related renewable energy equipment, and supply ...
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Wall Street Thinks America's Homes Are Overvalued

Wall Street Journal - 3 Oct 2023 14:00
As prices paid for the average single-family property hit record highs, big investors are taking a pass.
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Roivant wouldn't be where it is without the Republican presidential candidate, but his departure has made the company more palatable to Wall Street.
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Will Comcast Stock Return To Its Pre-Inflation Shock Highs? Comcast stock (NASDAQ: CMCSA) currently trades at $45 per share, about 27% below the peak of $61.75 seen in September 2022, and appears to have some room for gains.
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Nio's Delivery Performace Lags Peers. What's Next For The Stock? Chinese luxury electric vehicle maker Nio stock delivered 15,641 vehicles for the month of September.
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Investing platform Public is offering everyday investors a slice of the 'Shrek' catalog with quarterly payouts.
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Asset managers are betting on a flood of money into fixed-income funds that has yet to materialize.
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Crypto Could Be a Mystery to Jurors in Bankman-Fried Case

Wall Street Journal - 3 Oct 2023 11:30
The jurors might know little about digital currency, raising strategic questions for the prosecution and defense.
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