Reported 2 days ago
U.S. stocks showed a rebound in early trading following a significant sell-off triggered by the Federal Reserve's hawkish rate cuts. Despite the bounce, Micron Technology shares fell sharply due to a lackluster revenue forecast. Meanwhile, existing home sales rose to an eight-month high, and jobless claims decreased. Treasury yields increased alongside a stronger dollar as the market digested the Fed's cautious stance on future rate cuts amidst ongoing inflation concerns.
Source: YAHOO