Downgrades, rising yields and inflation
As the Federal Reserve prepares for its annual symposium from Aug. 24-26 in Jackson Hole, Wyoming, markets are trying to come to grips with the latest move higher in yields post the Federal Open Market Committee (FOMC) and the recent U.S debt downgrade which has seen long end yield rise and a resurgence of the […]
Tech-heavy Nasdaq leading the pack
Wall Street closed higher on Monday, fueled by surging technology stocks as investors began an earnings-heavy week with a renewed enthusiasm for market-leading momentum stocks that were battered last year. All three major stock indexes extended Friday’s gains, with the tech-heavy Nasdaq leading the pack, boosted by semiconductor shares. The Philadelphia SE semiconductor index jumped 5.0%, […]
