Portfolios
Track your investments in one place, get AI insights, and more
Top movers in your lists
arrow_downward Symbols arrow_downward Symbols | arrow_downward Price | arrow_downward Change | arrow_downward % Change | Trend | arrow_downward Prev Close | arrow_downward Open | arrow_downward High | arrow_downward Low | arrow_downward Volume | arrow_downward Mkt Cap | |
|---|---|---|---|---|---|---|---|---|---|---|---|
SIXC Communications | SIXC +1.30% arrow_upward | 596.66 | +7.68 arrow_upward | +1.30% arrow_upward | — | 588.98 | 588.98 | 597.07 | 588.98 | — | — |
SIXB Materials | SIXB -1.10% arrow_downward | 1,056.91 | -11.76 arrow_downward | -1.10% arrow_downward | — | 1,068.67 | 1,067.69 | 1,067.69 | 1,054.29 | — | — |
SIXU Utilities | SIXU -1.02% arrow_downward | 797.66 | -8.22 arrow_downward | -1.02% arrow_downward | — | 805.88 | 806.27 | 807.61 | 797.54 | — | — |
SIXR Staples | SIXR -0.89% arrow_downward | 827.69 | -7.41 arrow_downward | -0.89% arrow_downward | — | 835.10 | 836.83 | 841.39 | 827.69 | — | — |
SIXI Industrials | SIXI -0.71% arrow_downward | 1,704.11 | -12.21 arrow_downward | -0.71% arrow_downward | — | 1,716.32 | 1,710.74 | 1,715.73 | 1,697.79 | — | — |
US market summary
Surging Treasury yields and oil volatility spark Wall Street turbulence
Major U.S. stock indexes experienced volatile trading, ultimately closing mixed with the Dow Jones Industrial Average dropping 0.3% while the S&P 500 and Nasdaq Composite finished nearly flat. Investors are increasingly concerned by a deepening bond market selloff, which pushed the 10-year Treasury yield to 5.163%, its highest level since 2007. This upward pressure on yields was exacerbated by fluctuating oil prices amid geopolitical tensions in the Middle East and speculations regarding a phased deal to open the Strait of Hormuz.
search_spark
Dive deeper with AI
Robust economic data fuels expectations for further Fed tightening
A stronger-than-expected September S&P Global U.S. Composite PMI, which rose to 58.4 to mark its highest level since mid-2021, indicates that the domestic economy continues to accelerate rather than enter a recession. While this points to corporate resilience, the data backfired on equity markets by amplifying fears of sticky inflation. Consequently, investors have adjusted their expectations, with the probability of an upcoming Federal Reserve interest rate hike increasing substantially.
search_spark
Dive deeper with AI
Meta climbs on AI rollout while consumer discretionary stocks stumble
Meta Platforms shares gained over 4% after executives showcased new artificial intelligence products, including the monetization strategy for its Muse AI agent at the Connect developer conference. Conversely, multiple corporate earnings updates triggered sharp pullbacks in consumer-exposed sectors. Stitch Fix plummeted 22% due to a challenging consumer revenue outlook, and corporate concerns over persistent inflation weighed heavily on major restaurant and travel stocks.
search_spark
Dive deeper with AI
Treasury buyback falls short of maximum target amid bond market selloff
The U.S. Treasury Department conducted a long-term bond buyback operation, purchasing $4.08 billion in debt, which fell noticeably short of its stated $6 billion maximum cap. The buyback expansion was explicitly intended by policymakers to cool down surging global yields and restore stability to fixed-income assets. However, dealers offered over $10 billion in bonds, and the Treasury's high rejection rate disappointed investors, sending the 30-year yield toward 5.5%.
search_spark
Dive deeper with AI
Latest updates
Live
·6 min. ago
·15 min. ago
Upcoming earnings
More upcoming earnings chevron_rightMore news stories
From web sources and news partners
Benzinga
·
6 minutes ago
Elizabeth Warren Says Walmart Patent Could Jack Up Mayo Price the Second Tuna Hits Your Cart: Patented Tech Makes 'Surveillance Pricing' Possible
Benzinga
·
15 minutes ago
Scholastic (SCHL) Shares Tumble 12% After Hours: Here’s Why
Benzinga
·
20 minutes ago
Infobird (IFBD) Stock Soars 44% After-Hours: Here's What's Going On