{"id":1742,"date":"2023-03-06T11:02:55","date_gmt":"2023-03-06T16:02:55","guid":{"rendered":"https:\/\/embarrdowns.com\/u-s-stocks-rally-for-the-week-while-treasury-yields-pull-back\/"},"modified":"2023-03-06T11:02:56","modified_gmt":"2023-03-06T16:02:56","slug":"u-s-stocks-rally-for-the-week-while-treasury-yields-pull-back","status":"publish","type":"post","link":"https:\/\/embarrdowns.com\/u-s-stocks-rally-for-the-week-while-treasury-yields-pull-back\/","title":{"rendered":"U.S. Stocks Rally for the Week While Treasury Yields Pull Back"},"content":{"rendered":"

U.S. stocks finished higher on Friday, shaking off some of their recent weakness, while Treasury yields pulled back from key levels.[0]<\/a><\/sup> Wall Street\u2019s major indices were also on track to end higher for the week, rallying after putting up their worst weekly performance of the new year.[1]<\/a><\/sup> The Dow Jones Industrial Average added 1.2% to 33,391, the S&P 500 lifted 1.6% to 4,045.7, and the Nasdaq Composite gained 2% to 11,689.<\/p>\n

In the bond markets, United States 10-Year rates were at 3.956%, down -1.68%.[2]<\/a><\/sup> The Nasdaq increased by 2.0%, finishing at 11,689, while the S&P 500 rose 1.6%, settling at 4,045. The Dow also climbed 1.2%, concluding at 33,390. For the week, the indexes rose from 1.7% to 2.6%, with the S&P 500 having its first weekly victory since February 3rd and the Dow its first since January 27th.[3]<\/a><\/sup><\/p>\n

In single-stock news, shares of C3.ai (AI) shot up 33.7% after earnings.[4]<\/a><\/sup> For the third quarter of its fiscal year, the enterprise AI software firm posted a loss of 6 cents per share, which was smaller than expected, along with revenue of $66.7 million, which was higher than anticipated.[3]<\/a><\/sup> C3.ai provided an optimistic outlook for their revenue in the present quarter.[3]<\/a><\/sup> Tesla (TSLA) stock fell 5.9% after the electric vehicle maker unveiled its “Master Plan 3” at last night’s Investor Day.[5]<\/a><\/sup> Meanwhile, Snowflake (SNOW) tumbled 9% after its earnings report included a revenue outlook well below expectations.[6]<\/a><\/sup> On the other hand, Salesforce (CRM) surged 15% after the cloud-based business-software giant reported upbeat Q4 results and gave a strong Q1 and FY24 sales forecast.[6]<\/a><\/sup><\/p>\n

Raphael Bostic, President of the Federal Reserve Bank of Atlanta, expressed his preference for “steady” quarter-point rate hikes on Thursday, in order to minimize the threat posed to the economy. He noted that the repercussions of the increased rates may not become evident until springtime.[7]<\/a><\/sup> Bostic mentioned that the Fed could potentially halt the rate hikes sometime between mid-summer and late-summer.[8]<\/a><\/sup> He simultaneously cautioned that if inflation numbers exceeded expectations, it could impact Federal Reserve policy.[7]<\/a><\/sup><\/p>\n

0. <\/span>“Stock market news today: Stocks rise to start busy week” Yahoo Canada Finance, 6 Mar. 2023, https:\/\/ca.finance.yahoo.com\/news\/stock-market-news-live-updates-march-6-2023-123642397.html<\/a><\/a><\/p>\n

1. <\/span>“Nasdaq, S&P, Dow climb as yields retreat; stocks heading for weekly gains (SP500)” Seeking Alpha, 3 Mar. 2023, https:\/\/seekingalpha.com\/news\/3943944-nasdaq-sp500-dow-jones-stock-market-services-data-earnings<\/a><\/a><\/p>\n

2. <\/span>“Stocks Mixed Before The Open As Bond Yields Tick Higher On Fed Concerns, ECB Minutes In Focus” Barchart, 2 Mar. 2023, https:\/\/www.barchart.com\/story\/news\/14699726\/stocks-mixed-before-the-open-as-bond-yields-tick-higher-on-fed-concerns-ecb-minutes-in-focus<\/a><\/a><\/p>\n

3. <\/span>“Stock Market Today: S&P 500 Snaps Weekly Losing Streak” Kiplinger’s Personal Finance, 3 Mar. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-030323-sandp-500-snaps-weekly-losing-streak<\/a><\/a><\/p>\n

4. <\/span>“Dow Jones Indexes Rise On Strong Business Activity; AI Stock Surges After Earnings; Tesla’s China Deliveries Up” Investor’s Business Daily, 3 Mar. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-other-indexes-strengthen-in-afternoon-trading-this-index-outperforms-market<\/a><\/a><\/p>\n

5. <\/span>“Dow Jones Rises As 10-Year Yield Tops 4%; Tesla Plunges 8% On Disappointing Investor Day” Investor’s Business Daily, 2 Mar. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-climb-ahead-of-jobless-claims-tesla-dives-on-disappointing-investor-day\/<\/a><\/a><\/p>\n

6. <\/span>“Stock Market Rally Rebounds Despite Rising Yields; Salesforce, Tesla In Focus: Weekly Review | Investor’s Business …” Investor’s Business Daily, 3 Mar. 2023, https:\/\/www.investors.com\/news\/stock-market-rally-rebounds-despite-rising-yields-tesla-salesforce\/<\/a><\/a><\/p>\n

7. <\/span>“Stock Index Futures Move Higher As Dovish Fed Comments Boost Hopes Of Fed Pivot” Barchart, 3 Mar. 2023, https:\/\/www.barchart.com\/story\/news\/14739365\/stock-index-futures-move-higher-as-dovish-fed-comments-boost-hopes-of-fed-pivot<\/a><\/a><\/p>\n

8. <\/span>“Dow Jones Rallies As Tesla Dives, Leads ‘Race To The Bottom’; Warren Buffett Stock Craters” Investor’s Business Daily, 2 Mar. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-gains-tesla-stock-dives-leads-race-to-the-bottom-warren-buffett-stock-craters-elon-musk<\/a><\/a><\/p>\n","protected":false},"excerpt":{"rendered":"

U.S. stocks finished higher on Friday, shaking off some of their recent weakness, while Treasury yields pulled back from key levels.[0]<\/a><\/sup> Wall Street\u2019s major indices were also on track to end higher for the week, rallying after putting up their worst weekly performance of the new year.[1]<\/a><\/sup> The Dow Jones Industrial Average added 1.2% to 33,391, the S&P 500 lifted 1.6% to 4,045.7, and the Nasdaq Composite gained 2% to 11,689.<\/p>\n

In the bond markets, United States 10-Year rates were at 3.956%, down -1.68%.[2]<\/a><\/sup> The Nasdaq increased by 2.0%, finishing at 11,689, while the S&P 500 rose 1.6%, settling at 4,045. The Dow also climbed 1.2%, concluding at 33,390. For the week, the indexes rose from 1.7% to 2.6%, with the S&P 500 having its first weekly victory since February 3rd and the Dow its first since January 27th.[3]<\/a><\/sup><\/p>\n

In single-stock news, shares of C3.ai (AI) shot up 33.7% after earnings.[4]<\/a><\/sup> For the third quarter of its fiscal year, the enterprise AI software firm posted a loss of 6 cents per share, which was smaller than expected, along with revenue of $66.7 million, which was higher than anticipated.[3]<\/a><\/sup> C3.ai provided an optimistic outlook for their revenue in the present quarter.[3]<\/a><\/sup> Tesla (TSLA) stock fell 5.9% after the electric vehicle maker unveiled its “Master Plan 3” at last night’s Investor Day.[5]<\/a><\/sup> Meanwhile, Snowflake (SNOW) tumbled 9% after its earnings report included a revenue outlook well below expectations.[6]<\/a><\/sup> On the other hand, Salesforce (CRM) surged 15% after the cloud-based business-software giant reported upbeat Q4 results and gave a strong Q1 and FY24 sales forecast.[6]<\/a><\/sup><\/p>\n

Raphael Bostic, President of the Federal Reserve Bank of Atlanta, expressed his preference for “steady” quarter-point rate hikes on Thursday, in order to minimize the threat posed to the economy. He noted that the repercussions of the increased rates may not become evident until springtime.[7]<\/a><\/sup> Bostic mentioned that the Fed could potentially halt the rate hikes sometime between mid-summer and late-summer.[8]<\/a><\/sup> He simultaneously cautioned that if inflation numbers exceeded expectations, it could impact Federal Reserve policy.[7]<\/a><\/sup><\/p>\n

0. <\/span>“Stock market news today: Stocks rise to start busy week” Yahoo Canada Finance, 6 Mar. 2023, https:\/\/ca.finance.yahoo.com\/news\/stock-market-news-live-updates-march-6-2023-123642397.html<\/a><\/a><\/p>\n

1. <\/span>“Nasdaq, S&P, Dow climb as yields retreat; stocks heading for weekly gains (SP500)” Seeking Alpha, 3 Mar. 2023, https:\/\/seekingalpha.com\/news\/3943944-nasdaq-sp500-dow-jones-stock-market-services-data-earnings<\/a><\/a><\/p>\n

2. <\/span>“Stocks Mixed Before The Open As Bond Yields Tick Higher On Fed Concerns, ECB Minutes In Focus” Barchart, 2 Mar. 2023, https:\/\/www.barchart.com\/story\/news\/14699726\/stocks-mixed-before-the-open-as-bond-yields-tick-higher-on-fed-concerns-ecb-minutes-in-focus<\/a><\/a><\/p>\n

3. <\/span>“Stock Market Today: S&P 500 Snaps Weekly Losing Streak” Kiplinger’s Personal Finance, 3 Mar. 2023, https:\/\/www.kiplinger.com\/investing\/stocks\/stock-market-today-030323-sandp-500-snaps-weekly-losing-streak<\/a><\/a><\/p>\n

4. <\/span>“Dow Jones Indexes Rise On Strong Business Activity; AI Stock Surges After Earnings; Tesla’s China Deliveries Up” Investor’s Business Daily, 3 Mar. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-other-indexes-strengthen-in-afternoon-trading-this-index-outperforms-market<\/a><\/a><\/p>\n

5. <\/span>“Dow Jones Rises As 10-Year Yield Tops 4%; Tesla Plunges 8% On Disappointing Investor Day” Investor’s Business Daily, 2 Mar. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-futures-climb-ahead-of-jobless-claims-tesla-dives-on-disappointing-investor-day\/<\/a><\/a><\/p>\n

6. <\/span>“Stock Market Rally Rebounds Despite Rising Yields; Salesforce, Tesla In Focus: Weekly Review | Investor’s Business …” Investor’s Business Daily, 3 Mar. 2023, https:\/\/www.investors.com\/news\/stock-market-rally-rebounds-despite-rising-yields-tesla-salesforce\/<\/a><\/a><\/p>\n

7. <\/span>“Stock Index Futures Move Higher As Dovish Fed Comments Boost Hopes Of Fed Pivot” Barchart, 3 Mar. 2023, https:\/\/www.barchart.com\/story\/news\/14739365\/stock-index-futures-move-higher-as-dovish-fed-comments-boost-hopes-of-fed-pivot<\/a><\/a><\/p>\n

8. <\/span>“Dow Jones Rallies As Tesla Dives, Leads ‘Race To The Bottom’; Warren Buffett Stock Craters” Investor’s Business Daily, 2 Mar. 2023, https:\/\/www.investors.com\/market-trend\/stock-market-today\/dow-jones-gains-tesla-stock-dives-leads-race-to-the-bottom-warren-buffett-stock-craters-elon-musk<\/a><\/a><\/p>\n","protected":false},"author":3,"featured_media":1741,"comment_status":"closed","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[47],"tags":[],"_links":{"self":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1742"}],"collection":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/comments?post=1742"}],"version-history":[{"count":0,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/posts\/1742\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media\/1741"}],"wp:attachment":[{"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/media?parent=1742"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/categories?post=1742"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/embarrdowns.com\/wp-json\/wp\/v2\/tags?post=1742"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}