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Bullish sentiment increased 0.8 percentage points to 35.5%. Neutral sentiment decreased 2.8 percentage points to 24.6%.
The S&P 500 Index could reach 8000, driven by robust AI fundamentals and recent liquidity injections from Treasury buybacks, which brought immediate relief to the long-term bond yields. AI capex acceleration, rising compute prices, and strong enterprise adoption support the AI bull market despite renewed fears of a bubble.
Applications for US unemployment benefits decreased by 6,000 to 206,000 in the week ended Aug. 15, according to Labor Department data released Thursday. Claims stayed near historically low levels and suggested few layoffs across the labor market.
The five owners of Florida-based EverBank clashed over its strategy after their 2023 purchase.
It's been another year of record-breaking feats for ETFs. Various firms are pegging this year's inflows to cross the $2 trillion milestone, and Goldman Sachs added its stamp of approval to that forecast.
Treasury raised its buybacks by $2 billion an operation, and the whole long end rallied. I make that 0.15% of the $1,367 billion it expects to place over two quarters.
The Treasury is "attacking the symptom, not the cause" of rising yields, says Liz Ann Sonders (@CharlesSchwab). Momentum in fixed income markets, paired with concerns on inflation and the U.S.-Iran war, is what Liz Ann sees silencing the short-term downtrend in the 10-year yield among related metrics.
The average rate on a 30-year fixed mortgage fell this week to 6.65%, according to the latest Freddie Mac data released Thursday. That is down from last week's reading of 6.67%.
An important pain threshold has been crossed, one currency-market expert warns.
CNBC Business News Update with Jessica Ettinger - Markets & Business News With Expert Analysis From Top Business Names. Visit CNBC.com For More.
Teleflex management's efforts to simplify the business and return capital to shareholders should, in our view, create an opportunity for valuation improvement. Given Orion stock's recent strength, we opted to sell the position to fund other opportunities that we believe have better potential upside to intrinsic value. MKS stock's strong performance reflected broad-based AI investment demand and ongoing spending on advanced computing infrastructure.
Global bond yields surged to multi-year highs, reflecting growing concern over U.S. fiscal deterioration, deficits and rising debt. Despite these fiscal risks, the S&P 500 remained near record highs as corporate earnings and profit margins continue to strengthen.
Bessent says Treasury buyback operation could be more than $4 billion
Jay Woods, Chief Market Strategist at Freedom Capital Markets, Hardika Singh, Economic Strategist at Fundstrat Global Advisors, and Stephanie Link, Chief Investment Strategist at Hightower, discuss debt, yields, AI and consumers.
The energy market is sending a warning to cash-strapped consumers: Don't expect prices at the pump to come down anytime soon.
