U.S. TREASURY 10-YEAR YIELD RISES ABOVE 3.5%
09-20 12:00uSMART

On Monday, the U.S. stock indexes opened lower and moved higher, closing up collectively. At the close, the Dow rose 197.26 points, or 0.64%, to 31019.68 points; The index rose 86.62 points, or 0.76%, to 11535.02 points. The S&P 500 rose 26.56 points, or 0.69%, to 3899.89

 

MACRO

US Markets snapped its losing streak, to conclude higher ahead of the Fed’s two-day policy meeting

EU Markets closed mixed even as construction output grew for the first time in five-months in July  

Asia Markets were lower across the board, while the PBOC slashed its 14-day reverse report rates

US 10-year Treasury Yields climbed to 3.5% - its highest levels since 2011 on expectations that interest rates will remain elevated

 

SECTORS

Gold prices softened, trading just below $1,675/oz at time of writing on increased rate hike expectations

WTI Crude Oil rose marginally, on rising optimism as restrictions eased in the Chinese city of Chengdu

 

COMPANY

AutoZone(AZO.US) tumbled more than 3% following mixed quarterly earnings where margins came in below expectations  

Wix(WIX.US) jumped 15.7% higher after Starboard Value declared its 9% ownership in the company

NCR(NCR.US) was down 3% at one point after being downgraded by Morgan Stanley from overweight to equal-weight

 

EVENTS 

Today’s Earnings:

  • Neogen (NEOG.US)

 

Economic Calendar (21 September 2022)

  • US Existing Home Sales (August)

 

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