The 10-year Treasury yield surged 20 basis points to 4.21%, the 12th straight weekly gain. But the benchmark Treasury yield fell back from Friday’s intraday high of 4.33%, a 14-year peak, to finish the session down 2 basis points. Markets are now slightly tilting toward a 50-basis-point Fed rate hike in December vs. Thursday’s 75% odds for yet-another three-quarter-point increase. Vertex and DV stock are on IBD Leaderboard as well as the IBD 50 list.
- The market rally has stepped up on Fed pivot hopes.
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MarketBeat empowers individual investors to make better trading decisions by providing real-time financial data and objective market analysis. Stocks rise as the rally in yields reverses -Equity markets rebounded strongly to end the week after the rally in the 10-year Treasury yield to a fresh 14-year high faded midday, providing some relief.
Oil prices fall as oversupply pressures market
But you don’t want to get too excited and rush back in with big bets. Oil stocks are doing well, thanks to a recent uptrend in crude prices and expectations for further gains over the winter. Natural gas producers are struggling as natgas futures plunge. FOUR stock is working on its own bottoming base, with a 51.52 buy point, according to MarketSmith analysis. Shift4Payments stock could have an early entry above 48.66, which would mean clearing the 50-day and 200-day lines. The digital payments processor, a June 2020 IPO, is expanding from restaurants into a wide variety of other fields. Earnings growth is strong and expected to remain so through 2023.
Stocks fall and begin week with losses as rebound attempt stalls
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Albemarle, no recent IPO, is reaping the benefits from higher-priced contracts while ramping up production over time. Friday’s market bounce came on a Wall Street Journal report that Fed officials are thinking about slower rate hikes after a likely fourth lvmh straight 75-basis-point move at the November meeting. Some Fed policymakers on Friday and the past week have also started to lay the groundwork for smaller rate increases. The Dow Jones Industrial Average jumped 4.9% in last week’s stock market trading.
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Some real estate investments could be great in a retirement account, but others just don’t belong. The market rally may have legs, but that doesn’t mean it’s off to the races. The Dow Jones is just below its 50-day moving average https://dotbig.com/markets/stocks/LVMH/ — and above its 10-week line — with the other indexes not too far behind. Above the 50-day line looms the 200-day average and the mid-August highs. The 10-year Treasury yield spiked to fresh 14-year highs during the week.