Wall St eyes higher open as yields ease heading into Fed meet
© Reuters. Traders work on the floor of the New York Stock Exchange in New York City, U.S., October 20, 2023. REUTERS/Brendan McDermid
The three main indexes rallied more than 1% in the previous session, rebounding from a selloff in the past few weeks that was sparked by surging Treasury yields and the Middle East conflict.) fell nearly 5% in premarket trading as the company's dealer inventories rose and a large order backlog shrunk, indicating that equipment demand is starting to slow.Helping broader markets, the yield on the ten-year U.S. Treasury note slid to 4.
Malaysia Latest News, Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Wall Street Points Higher Ahead of Fed Rate DecisionWall Street pointed toward gains before markets opened Monday ahead of another crush of corporate earnings and the Federal Reserve's decision on interest rates.
Read more »
Wall St gains on megacap boost ahead of Fed rate verdictWall Street's main indexes rose on Monday, boosted by megacap growth stocks ahead of a busy week of earnings and interest rate decisions from major central banks, including the Federal Reserve.
Read more »
Wall Street’s ‘Hell Week’ with Fed, earnings, jobs data and Treasury funding on deckWall Street will need to pass a series of stern tests this week if it wants to keep hopes of an end-of-year rally alive.
Read more »
Apple earnings, Fed decision and jobs data top Wall Street week aheadInvestors are preparing for another busy week of earnings, including McDonald's and Apple, as well as ADP's private employer jobs report and the government's jobs data for October.
Read more »
Oil prices rise after bruising losses; Fed, key China data awaitedOil prices rise after bruising losses; Fed, key China data awaited
Read more »
Asian stocks dip on weak China PMIs; BOJ, Fed loom over marketsAsian stocks dip on weak China PMIs; BOJ, Fed loom over markets
Read more »