US tech stocks tumble as investors fret over AI spending
Tech-heavy Nasdaq falls 2.6 percent as debate rages over whether AI is a bubble.
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Tech-heavy Nasdaq falls 2.6 percent as debate rages over whether AI is a bubble.
US corn futures rose for a second day on dip-buying and signs of improved demand in major markets.
Citadel Securities President Jim Esposito discusses the firm's relationship with banks, plans to grow in the fixed income market and his views on prediction markets with Bloomberg's Dani Burger on the sidelines of Citadel's annual Future of Global Markets Conference in New York. (Source: Bloomberg)
Victoria Fernandez, chief market strategist at Crossmark Global Investments, explains the factors she sees pointing to a slowdown in the US economy and markets. She speaks on “Bloomberg Surveillance.” (Source: Bloomberg)
Risk aversion is set to dominate markets in coming weeks as investors seek shelter from higher interest rates and volatility around US midterm elections and the AI trade, according to Bank of America Corp.’s Michael Hartnett.
US stocks slipped from a record as the 10-year yield held near 5.3% and oil stayed near US$100, while Fed minutes still point to one more rate hike. The post US Stocks Slip 0.2% as 10-Year Yield Holds 5.3% | Global Economy, Oct 8 appeared first on The Rio Times.
The 10-year Treasury yield rose to 5.31% while the S&P 500 gained 0.66%. See how Fed hike odds shape the dollar, Brazil and emerging markets today. The post US Yields Rise to 5.31% as Fed Hike Odds Linger | Global Economy, Oct 6 appeared first on The Rio Times.
Copper rose for a second session after a US employment report eased pressure on the Federal Reserve to raise interest rates.
An index tracking emerging-market currencies climbed to a session high after weaker-than-expected US jobs data prompted traders to scale back bets on another Federal Reserve interest-rate hike this month. Nonfarm payrolls increased by 29,000 in September after downward revisions to the prior two months, according to Bureau of Labor Statistics data released Friday. The figure missed all estimates in a Bloomberg survey of economists. For more, we speak with Anisha Goodly, Fixed Income Managing Director at TCW. (Source: Bloomberg)
"Bloomberg: The Asia Trade" brings you everything you need to know to get ahead as the trading day begins in Asia. Bloomberg TV is live from Tokyo and Sydney with Shery Ahn and Haidi Stroud-Watts, getting insight and analysis from newsmakers and industry leaders on the biggest stories shaping global markets. (Source: Bloomberg)
Asian stocks were set to start October on a volatile note after a late bout of swings on Wall Street erased gains fueled by softer-than-expected US inflation data. US oil held gains from the previous session.