* S&P 500 ends up more than 2% * U.S. Treasury yields rise. * Yen plunges against dollar. * Crude oil settles higher. By Caroline Valetkevitch. Stocks on global indexes rose sharply on Tuesday, with major U.S. stock indexes each ending up more than 2% following a recent selloff, while the Japanese yen fell against the U.S. dollar to its lowest level since October 1998.
* All S&P 500 sectors higher, led by energy. * GS raises chances of U.S. recession to 30% over next year. * Kellogg rises after decision to split into three companies. * Indexes up: Dow 2.15%, S&P 2.45%, Nasdaq 2.51% By Lewis Krauskopf, Devik Jain and Anisha Sircar.
* All S&P 500 sectors higher. * GS raises chances of U.S. recession to 30% over next year. * Kellogg rises after decision to split into three companies. By Lewis Krauskopf, Devik Jain and Anisha Sircar.
The Federal Reserve's aggressive monetary policy tilt has prompted some of Wall Street's biggest banks to ramp up forecasts for a U.S. recession, threatening more downside for an already bruised stock market. The S&P 500 index is already down about 21% this year after last week posting a 20% decline from its highs that defines a bear market.
U.S. Treasury yields rose on
Tuesday as the risk-off mode which weighed on U.S. markets last
week took a pause, lifting stocks as investors returned from a
long holiday weekend.
The Federal Reserve's aggressive monetary policy tilt has prompted some of Wall Street's biggest banks to ramp up forecasts for a U.S. recession, threatening more downside for an already bruised stock market. The S&P 500 index is already down about 21% this year after last week posting a 20% decline from its highs that defines a bear market.
* All S&P 500 sectors higher. * GS raises chances of U.S. recession to 30% over next year. * Kellogg rises after decision to split into three companies. * Indexes up: Dow 1.96%, S&P 2.45%, Nasdaq 2.79% By Lewis Krauskopf, Devik Jain and Anisha Sircar.
* Existing home sales fall 3.4% in May. * Median house price surges 14.8% to $407,600 from year ago. * Housing inventory falls 4.1% from year ago. * Chicago Fed National Activity Index falls to 0.01 in May. By Lucia Mutikani.
Gold prices were hemmed into a range on
Tuesday as rising U.S. Treasury yields and aggressive rate hike
bets dimmed bullion's appeal despite a pullback in the dollar.
Spot gold ...
* GS raises chances of U.S. recession to 30% over next year. * Kellogg jumps on decision to split into three companies. * Indexes up: Dow 1.84%, S&P 2.46%, Nasdaq 3.00% By Devik Jain and Anisha Sircar.
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