S. stocks slid at midday Thursday as a 6% spike in crude oil and a jump in long-dated Treasury yields to their highest levels since 2007 hardened bets that the Federal Reserve will raise interest rates next week.
Treasuries sold off across the curve. 35%, a level last seen in May 2007.
The trigger was August producer prices. 3% consensus.
CME FedWatch odds of a rate hike at next week’s meeting climbed to roughly 70% from about 62% before the release, with August CPI due Friday morning. 23.
19. 6% as the sell side lined up behind Wednesday’s foldable iPhone Duo launch.
Precious metals kept sliding as the rate-hike repricing gathered pace. 2%.
4%. 6%.
7%. 8%.
0%. 3%.
6% year-to-date gain. 7%.
Industry funds told the sharper story. S.
3% lower. 2%.
3%. 9% higher.
5 billion. UBS lifted its price target to $170 from $166 while maintaining Neutral, and BTIG, Needham and Citigroup all reiterated bullish ratings, though management left fiscal 2027 guidance unchanged.
4%, extending a continued bounce off the post-earnings selloff that still has MongoDB roughly 13% below its pre-print level. 7%.
252 billion in revenue. ” William Blair, Piper Sandler and Baird all downgraded the stock Thursday, with Baird cutting its target to $61 from $85.
2% after CFO Gabriel Bruno cut third-quarter incremental margin guidance to the “low 20s” from the “mid-20s” flagged on the July 30 call, blaming inflation, logistics and component costs at the Jefferies Global Industrials Conference. Roughly 100 basis points of new pricing does not fully mature until the fourth quarter, keeping price/cost negative near term.
2% lower, snapping a five-session run on a report that the White House has not yet decided on refined copper tariffs. 7%.
2%, moving with a broad critical-minerals liquidation that also hit MP Materials Corp. (NASDAQ:ADBE) also due Thursday evening.
10%Baker Hughes Company Co.
