Stock investors see green light in falling Treasury yields
© Reuters. FILE PHOTO: Traders work on the floor at the New York Stock Exchange in New York City, U.S., October 27, 2023. REUTERS/Brendan McDermid/File Photo
Over much of the last week, however, that dynamic has reversed, following news of smaller than expected U.S. government borrowing and signs that the Federal Reserve is nearing the end of its rate hiking cycle. Draho expects the S&P 500 to trade between 4,200 and 4,600 until investors determine whether the economy will be able to avoid a recession. The index was recently around 4,365.
"We had an extremely oversold market in the midst of a strong economy, and the Fed coming out a little more dovish was the kindling we needed for a rally," said Ryan Detrick, chief market strategist at Carson Investment Research, who believes the current rebound in stocks will take them past their July high.
Singapore Latest News, Singapore Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock Market Today: Dow holds gains, Treasury yields drop as Fed leaves rates unchangedLive coverage of a major day for the U.S. stock market with Treasury refunding and a Fed decision.
Read more »
Stock Market Today: Dow ends higher as Treasury yields dive after Fed pauses againStock Market Today: Dow ends higher as Treasury yields dive after Fed pauses again
Read more »
Stock Market Today: Dow ends higher as Treasury yields dive; jobs report eyedStock Market Today: Dow ends higher as Treasury yields dive; jobs report eyed
Read more »
Fed Pause Helps Treasury Yields Retreat and Stocks ClimbGains accelerate after Jerome Powell says financial conditions have tightened
Read more »
Dollar tracks Treasury yields lower as Fed stays on holdDollar tracks Treasury yields lower as Fed stays on hold
Read more »
Analysis-Bruised Treasury bulls see glimmer of hope after Fed meeting, smaller issuanceAnalysis-Bruised Treasury bulls see glimmer of hope after Fed meeting, smaller issuance
Read more »