Nasdaq 100 Falls As Warsh Revives Rate Hike Bets: Stock Market Today
Fed Chair Kevin Warsh said underlying inflation has not improved, pushing September hike odds to 60%, lifting the 2-year yield
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Fed Chair Kevin Warsh said underlying inflation has not improved, pushing September hike odds to 60%, lifting the 2-year yield
Read original at benzingaUS stocks mixed, Dow up 100 points. Consumer discretionary stocks rise, industrials down. University of Michigan index improves. Elastic, Solstice, and Gap up, while FinVolution, PayPal, and Rubrik down. Oil down 0.5%, gold down 2.2%. European and Asian markets mostly up.
Read original at benzingaSolstice Advanced Materials shares are jumping Friday after the company and Element Solutions agreed to terminate their pending merger.
Read original at benzingaU.S. stocks mixed, Nasdaq falls 0.1%. Gap Inc shares rise 15.2% on strong earnings and raised guidance. Other big gainers include Elastic NV, Solstice Advanced Materials Inc, and Pagerduty Inc.
Read original at benzinga