US stocks fell Wednesday as the 10-year Treasury yield surged 15 basis points to 5.11%, a 19-year high, pressuring equities. The S&P 500 lost 0.75%, the Nasdaq dropped 1.1% after a record high. Software stocks bucked the trend: Palantir, Palo Alto Networks, and Datadog each flashed technical buy signals. Late news: an FDA panel endorsed Grail's Galleri blood test, and Meta kicked off its Connect conference with its Muse AI tool in focus. Weak demand at a 5-year Treasury auction added to bond market strain.
S&P 500 fell 0.75%; Nasdaq dropped 1.1% after hitting a record high Tuesday; Dow declined 0.7% (352 points); Russell 2000 dropped 1.8%.
10-year Treasury yield rose 15 bps to 5.11%, a 19-year high.
5-year Treasury note auction was described as 'disastrous' with weak demand; 5-year yield briefly crossed 5%.
30-year Treasury yield hit 5.4%.
Oil prices rose 1.8% to $92.16/barrel after a five-session decline.
Software sector was strong: iShares Expanded Tech-Software Sector ETF rose 1.3%.
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WHY IT MATTERS••••••••••Market transmission and exposed assetsBULL / BEAR CASE•••• / ••••Competing evidence, edited togetherNEWS ON PRICE••.•% reactionConfirmation versus SPY and sectorWHAT TO WATCH•• catalystsThe facts that can change the read
BORSAPLUSWhy it matters · Bull and bear case · Reaction against SPY and the sector · What to watch
Meta debuts no-camera smart glasses, VR spectacles; retailers integrate with Musebullish 75 · impact 10
Dow Jones Futures: Stocks Fall As Yields Soar, But Palantir Flashes Buy Signal; Trump-Xi On Tap -- IBD
Meta's Zuckerberg outlines Muse AI vision, smartglasses integration, and new hardware at Connectbullish 80 · impact 40
Dow Jones Futures: Stocks Fall As Yields Soar, But Palantir Flashes Buy Signal; Trump-Xi On Tap -- IBD
Bond yields surge, stocks fall after 5-year auction; midterm election risk eyedbearish 30 · impact 10
Stocks fall as Treasury yields surge; Palantir, Palo Alto flash buy signalsbearish 35 · impact 40
Meta refreshes smart-glasses lineup at Connect with new Ray-Ban models and Muse integrationbullish 70 · impact 40
Meta CEO Zuckerberg: muse to be integrated into all smart glassesbullish 65 · impact 20
Meta AI chief: company could soon drop its most capable modelbullish 65 · impact 40
Meta AI chief Wang: walmart, Best Buy, Gap, Sephora, Wayfair integrate with Musebullish 70 · impact 60
Meta AI chief: walmart, Best Buy, Gap, Wayfair, others integrating with Musebullish 70 · impact 50
Meta exec: walmart, Gap, Best Buy integrated into Musebullish 65 · impact 40
$META CEO Mark Zuckerberg on Muse:
“We believe that Muse will make you money. We’re standing behind this by making it free for a huge number of tokens.”
“Over time, we will profit by taking a small fee from transactions.” https://t.co/k2pUafx5cT
Zuckerberg: Muse will make users money, Meta to take transaction feebullish 70 · impact 60
Zuckerberg: meta could earn revenue from Muse via small transaction feesbullish 70 · impact 60
Zuckerberg: muse is centrepiece of Meta's visionbullish 65 · impact 30
Stocks fall as Treasury yields soar; Palantir, Palo Alto flash buy signalsbearish 35 · impact 40
Stocks fall as Treasury yields hit 5.11%; Palantir, Palo Alto flash buy signalsbearish 30 · impact 55 · this page
bullishneutralbearishlabel = ticker sentiment·impact · dot size follows impact · click a dot to open the story
