Why the blowout jobs report is tanking stocks and sending yields spiking
"Markets tried to front-run the Fed on the level of interest rates and are now paying the price," Jamie Cox of Harris Financial Group said.
"Markets tried to front-run the Fed on the level of interest rates and are now paying the price," Jamie Cox of Harris Financial Group said.
A strong December jobs report elevated yields to their highest level since 2023, while pushing down stock and bond ETFs.
Spot bitcoin ETFs began trading a year ago, opening up the crypto market to a wider range of investors and paving the way for more such products.
Insurance stocks like Allstate, Progressive and Chubb fell on Thursday as analysts expect wildfires in LA to pose over a $20 billion hit to the industry.
An unexpected change in the redemption mechanism of the protocol's yield-generating token caught investors off-guard, throwing the DeFi community into disarray.
Last year was an epic one for stocks.
US benchmark equity indexes fell Friday, while Treasury yields soared as traders parsed official dat
Rising bond yields are heaping pressure on equities as investors fear a resurgence of inflation.
Target is one of the retailers with the most exposure to the wildfires that have raged this week in the Los Angeles area, analysts at JPMorgan said Friday.
The exchange seeks to raise the iShares Bitcoin Trust position limit to 250,000 contracts amid high trading demand.