Browsing: selloff

A global sell-off in memory-chip stocks deepened overnight as South Korea’s benchmark KOSPI (^KS11) tanked 7%.

Shares of Micron (MU) and SK Hynix (SKHY) are poised to open lower on Tuesday, extending a global sell-off in memory-chip stocks as South Korea’s benchmark KOSPI (^KS11I) tanked 6%.

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The bond market is sending louder warner signs to the stock market. Now, stock fans need to listen up.

LONDON/NEW YORK, Sept 24 (Reuters) – US long-dated Treasury yields rose to their highest in more than 20 years on Thursday, extending a global selloff that has accelerated on worries that high energy costs, resilient economic growth and increased ‌government spending will keep inflation elevated.

LONDON/TOKYO, Sept 24 (Reuters) – World financial markets remained on edge on Thursday after concerns about the Iran war and inflation pain had triggered the sharpest selloff in US Treasuries and other benchmark government bonds since last year’s Liberation Day turmoil.

US stock futures slid on Thursday as inflation fears and rising bond yields outweighed hopes for Middle East diplomacy and for the artificial intelligence boom to continue its run.

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ServiceNow (NYSE:NOW | NOW Price Prediction) stock is up 5% to $139.62 in early Monday trading, Adobe (NASDAQ:ADBE) stock is climbing 4% to $261.90, and Salesforce (NYSE:CRM) stock is rising 3% to $254.82. The three names are leading a rotation…

The attempt by US Treasury Secretary Scott Bessent to bring down bond yields (interest rates) at the longer end of the market by organising an increased Treasury buyback operation of up to $6 billion has hit the ground with a thud.