The pressure is on for Amazon (AMZN), Alphabet and Microsoft (MSFT) as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally.
Yields still not attractive enough to justify underweighting equities: UBS. TINA is the acronym for "there is no alternative," a market mantra that reflected the frustration of investors who saw no alternative to stocks in a post-financial crisis world dominated by ultralow government bond yields as the Federal Reserve and other global central banks embarked on asset-buying programs and other forms of extraordinary stimulus. A selloff in Treasurys has seen longer-dated...
The pressure is on for Amazon (AMZN), Alphabet and Microsoft (MSFT) as they prepare to report quarterly results at a time when confidence in those market leaders looks increasingly fragile and in danger of derailing Wall Street's rally.
* Italian 10-year debt yield hits 4.5-year high of 3.783 percent. * Euro rallies after falling to 10-day low. * World stock index posts fourth straight week of losses. * Oil up but posts weekly loss on stock build, trade tensions. By Rodrigo Campos.
* Defensive sectors lead gains among 11 major S&P sectors. * P&G climbs on surprise sales increase. * Honeywell (HON) erases gains after warning of slower China growth. * Dow rises 0.26 pct, S&P falls 0.04 pct, Nasdaq drops 0.48 pct. By April Joyner.
By Sue Chang, MarketWatch, Chris Matthews. Friday marks 31st anniversary of the' Bloody Monday' crash. U.S. stocks closed mostly lower on Friday with bulls failing to defend early gains as weak housing data overshadowed solid corporate earnings.
The benchmark S&P 500 stock index slipped on Friday as strong earnings from Procter & Gamble
Co (PG) were offset by ongoing concerns about rising interest rates and geopolitical tensions denting U.S. economic growth.
Stocks saw a mixed finish to a choppy session Friday, with the Dow Jones Industrial Average taking back a modest portion of the previous session's more-than-300-point decline. The tech-heavy Nasdaq Composite lagged behind, falling 0.5% to finish around 7,449, according to preliminary figures, and leaving it with a 0.6% weekly loss. The S&P 500 ended less than 0.1% lower near 2,768, leaving it virtually unchanged on the week.
* Italian 10-yr yield hits 4.5-yr high of 3.783. * Euro recovers after falling to 10-day low. * World stock index set for fourth week of losses. * Oil up but posts weekly loss on stock build, trade tensions. By Rodrigo Campos.
Dow Rises After Chinese Shares Rebound. The Dow industrials and S&P 500 rose following a rare intervention by Chinese financial regulators soothed fears over weak economic growth in the country. Existing-Home Sales Fell in September.
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