* Energy, cyclical sectors lag. * Lower bond yields support technology, growth stocks. * U.S. business activity slows considerably in June-survey. By Lewis Krauskopf, Devik Jain and Sruthi Shankar.
* Defensive stocks lead Wall Street higher amid recession fears. * Crude oil futures extend losses in volatile trade. * U.S. Treasury yields at 2-week low. By Caroline Valetkevitch. Stocks on Wall Street rose on Thursday as U.S. Treasury yields fell to a two-week low, while copper was at 16-month lows as investors worried about a possible global economic slowdown.
* Energy, cyclical groups slump, defensives shine. * Lower bond yields support technology, growth stocks. * U.S. business activity slows considerably in June-survey. * Indexes: Dow down 0.36%, S&P off 0.12%, Nasdaq up 0.28% By Lewis Krauskopf, Devik Jain and Sruthi Shankar.
* Lower bond yields lift some technology stocks. * Accenture slides on tepid current-quarter sales view. * Indexes: Dow down 0.46%, S&P off 0.17%, Nasdaq up 0.36% By Devik Jain and Sruthi Shankar. June 23 - U.S. stocks indexes were mixed on Thursday as gains in healthcare and megacap technology stocks offset losses in energy and other economically sensitive sectors amid growing recession fears.
By Jamie McGeever. If estimates that world markets face a record $4 trillion liquidity drain over the next 18 months are even close to accurate, hold on to your hats.
-European shares hit more than one-year lows on Thursday as slowing euro zone business activity heightened growth worries, while German shares dropped 1.8% after the country triggered the "alarm stage" of its emergency gas plan. The continent-wide STOXX 600 index dropped 0.8%, with euro zone banks shedding 4.5%. Euro zone bond yields also slid as did the euro.
* CANADA AUCTION OF C$4 BILLION 2032 BOND YIELDS AVERAGE 3.259% * CANADA 2% 2032 BOND AUCTION YIELDS LOW 3.253%, HIGH 3.268% Source text for Eikon: https://www.bankofcanada.ca/markets/government-securities-auctions/calls-for-tenders-and-results/nominal-bonds/
* Defensive stocks lead Wall Street higher amid recession fears. * Crude oil futures extend losses in volatile trade. * U.S. Treasury yields at 2-week low. By Caroline Valetkevitch. Stocks on global indexes rose on Thursday as U.S. Treasury yields fell to a two-week low, while copper was at 16-month lows amid fears of a global economic slowdown.
Gold prices edged up on Thursday as
growing recessions fears and a pull back in U.S. Treasury yields
helped bullion overcome pressure from expectations of aggressive
monetary tightening.
Spot ...
The Canadian dollar edged lower
against its U.S. counterpart on Thursday as investors weighed
the risk of a global economic slowdown and preliminary domestic
data showed factory sales falling in May.
News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.
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