Market Pulse - Usa
US open: Stocks mixed as investors digest a surprise uptick in weekly jobless claims
Wall Street trading got off to a mixed start on Thursday as market participants digested a surprise increase in weekly jobless claims.
Barclays on outlook for Treasury yields
Economists at Barclays Research think longer-term US Treasury note yields will head back higher in the back half of 2021, although they also thought that financial markets were right in judging inflationary risks to be 'transitory'.
US home sales grow at a moderate pace in June
US home sales bounced back in June following four consecutive monthly declines, however the pace was moderate as higher prices and low inventory continued to weigh on the property market.
Texas Instruments' disappointing guidance offsets solid Q2 performance
Semiconductor outfit Texas Instruments issued revenue guidance that disappointed investors overnight on Wednesday, with concerns that the Covid-19 fuelled demand for chips would be short-lived offsetting a strong second quarter performance.
US pre-open: Futures trade higher ahead as bond yields stabilise
Wall Street futures were pointing to another positive session for stocks as market participants continued to eye bond yields and corporate earnings.
US jobless claims jump as automakers retool
First time unemployment claims in the US bounced back unexpectedly during the previous week, pushed higher by the annual retooling of automakers.
US close: Stocks continue to rebound following Monday's sell-off
Wall Street stocks closed higher on Wednesday after major indices bounced back from an early week rout in the previous session.