Economy · News reference
Fund managers told BofA a 6% 10-year Treasury yield would make them swap stocks for bonds. One in five say yields are already there.
Reference Details
Poisar stores the source's headline, summary and market tags for reference. Reporting and full article text remain with the original publisher.
Keep reading
Seven sectors are higher and four are lower in Friday’s regular session, with growth sectors holding the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
Four sectors are higher and seven are lower in Thursday’s regular session, with defensive sectors holding two of the top three positions. The leaders are separated rather than clustered, with no single gap clearly standing apart from the other breaks across the table.
Anthropic is set to go public later in November 2026 at a potential $2 trillion valuation, but the timing is problematic. The AI company is growing rapidly (1,200% revenue growth) but remains deeply unprofitable with $104 billion in losses. Recent tech sector sell-offs and market bearishness on high-valuation tech stocks create additional risk. The author warns that Anthropic's valuation is unsustainable and recommends investors wait rather than rush into the IPO.
Intel nears its worst day on record after weak guidance, sinking chip stocks as SMH falls 7.0% and the Nasdaq 100 drops 3.2%.
Five sectors are higher and six are lower in Friday's regular session, with defensive sectors holding the top three positions. The leaders are clustered rather than separated, while Technology sits well clear of the rest, divided from the next-weakest sector by a margin several times wider than any other gap.
U.S. stock markets closed lower on Thursday, ending a three-day winning streak, as disappointing earnings from major tech companies and elevated inflation readings hurt investor sentiment. The Dow fell 0.3%, the Nasdaq declined 1.4%, and the S&P 500 shed 0.3%. Healthcare and real estate sectors rallied while tech and communication services declined. Key economic data showed mixed signals with strong GDP growth of 3.4% but softer personal income and spending growth.