Description
US equities finished mostly lower in Wednesday trading, though ended off worst levels, with the Dow Jones, S&P500, and Nasdaq closing down 31bps, 38bps, and 60bps respectively. October core PCE was in-line, while October durable-goods orders were a bit below consensus. Second estimate of Q3 GDP was unchanged at 2.8%. October pending home sales were higher m/m vs expectations for a decline. Elsewhere, today's $44B auction of 7Y Treasury notes stopped through.
US equities were mostly higher in Tuesday trading, near best levels. Tariff threat was the big story today after Trump posted Monday night that as part of his first executive orders, he will impose additional 10% tariffs on China goods and 25% tariffs on Mexico and Canada. Economists downplayed...
Published 11/26/24
US equities ended higher Monday after a big rally last week. Today's upside was tabbed to a meaningful Treasury rally, positive market friendly and safe hands takeaways following Trump’s nomination of Bessent as Treasury Secretary, though stocks were unable to hang onto best levels as some Trump...
Published 11/25/24