News

Brent crude slips back under $90 after biggest jump in 6 months

Stock markets rallied on Monday, retracing sharp moves at the end of last week as investors looked ahead to a flurry of economic data and US corporate earnings.

Wall Street’s benchmark S&P 500 jumped 1.1 per cent — rebounding from Friday’s 0.5 per cent decline — led by financials including Charles Schwab, which rose 4.7 per cent even after the broker reported weaker than expected revenue for the third quarter.

The tech-heavy Nasdaq Composite climbed 1.2 per cent, having dropped 1.2 per cent on Friday. Netflix and Tesla release their quarterly numbers on Wednesday.

US government debt sold off, with 10-year Treasury yields rising 0.07 percentage points to 4.7 per cent, reflecting falling prices.

Articles You May Like

The tree of debt must stop growing
Q1 mega deals pushing 2024 issuance expectations higher
The Bernanke review is only a starting point
Gold’s latest record high takes 2024 gain past 15%
Top Wall Street analysts like these 3 stocks for their growth prospects