Sunday, September 24

The Nasdaq’s decline, Dow weakness, and focus on Tesla and Zoom Stocks are all signs of the bubble economy.

The rise in U.S. stock indexes on Monday was aided by tech shares, although longer-term Treasurys were under pressure from higher yields.

Bond prices fell overnight, and yields rose overnight as investors trimmed their bets on future interest-rate cuts due to the strong U.S. economy.

After reaching a nearly 16-year high last Thursday, the 10-year yield closed at 4.339%, its highest close since November 2007, as per today’s full markets roundup.

The impact of rising yields on stocks has been significant, with all three major indexes reporting losses last week. According to Gunjan Banerji of the Journal, volatility in stocks this month has led some traders to resort to one-day options.

At roughly 4 p.m. ET,

The U.S. economy finished mostly in a positive direction, with the Nasdaq closing up 1.6% and the S&P 500 0.7% higher, respectively. The Dow ended slightly lower as all three indexes are currently in trouble for the month.

The stock market saw a rise in tech stocks. Nvidia experienced resurgence ahead of Wednesday’s earnings, while Meta Platforms and Microsoft were solidly up against Tesla.

The rise in Treasury yields was accompanied by a decline in bonds, which were led once again by longer-term Treasurys. Additionally, the two-year yield rose to 4.99%.

The Chinese stock market experienced a drop, with the CSI 300 experiencing 4% loss and Hong Kong’s Hang Seng Index falling further into cyclic conditions. Investors are still concerned about China’d economy, which has not been cut as expected in key bank lending rates.

The price of natural gas in Europe rose once again. Labor disputes within Australia’s energy sector resulted in a rise of over 30% in gas prices in August.

The Journal’s Dion Rabouin reveals that the annual Jackson Hole gathering will feature speeches from central bankers, including Federal Reserve Chair Jerome Powell.

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