![]() ![]() The SPX is now on pace for a lower week and for the first three-month downturn since January–March 2020. ![]() Yesterday’s steep losses tipped the S&P 500® Index (SPX) into negative territory for the month. crude oil moved back above $90 per barrel yesterday, a two-week high. Geopolitics also are rattling Wall Street ahead of the opening bell as the Middle East conflict extended to attacks against American targets in the region. Treasury note briefly topped 5% for the first time since July 2007, though they dropped before Friday’s open. ![]() Late yesterday, yields on the benchmark 10-year U.S. Another inflation warning from Federal Reserve Chairman Jerome Powell yesterday and an earnings deluge dialed up caution on Wall Street as stocks edged lower again in premarket trading Friday. (Friday market open) A wall of worry looms, and investors haven’t shown much appetite to climb it the last two days. Powell’s speech raised inflation worries, reinforced “higher for longer” sentiment on rates.Cautious tone prevails as geopolitical concerns remain front and centerġ0-year Treasury yield briefly topped 5% in overnight trading but fell before open ![]()
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