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2021-11-16
Pls like tq
Wall Street ends little changed as rising yields weigh on tech
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Higher Treasury yields tend to weigh on high-growth areas such as tech, as they discount future earnings from the sector.</p>\n<p>Bank stocks, which benefit from climbing yields, advanced with bond yields on the rise as investors positioned for the potential effects of the Federal Reserve’s tapering of its massive asset purchases and ahead of a scheduled sale of new 20-year bonds later in the week.</p>\n<p>“Wall Street is completely fixated over what is happening in the bond market. We are starting to see yields are rising and that will, ultimately, signal that there’s a lot more nervousness that the Fed could be a little bit late to the game on delivering a rate hike and will be forced to react a lot quicker, given the inflationary pressures,” said Ed Moya, senior market analyst at OANDA.</p>\n<p>“You’re seeing mixed trade right now because, while a lot of traders are focused on whether these inflationary pressures will keep Treasuries or rates climbing, you’re also seeing manufacturing improve in the Empire State and a lot more optimism from abroad.”</p>\n<p>Data on Monday showed manufacturing activity in New York surged to 30.9 in November, well above the prior 19.8 reading and 21.2 estimate.</p>\n<p>The Dow Jones Industrial Average fell 12.86 points, or 0.04%, to 36,087.45, the S&P 500 lost 0.05 point, or flat, to 4,682.80 and the Nasdaq Composite dropped 7.11 points, or 0.04%, to 15,853.85.</p>\n<p>Focus this week will be on earnings reports from several major retailers including <a href=\"https://laohu8.com/S/WMT\">Walmart</a>, <a href=\"https://laohu8.com/S/TGT\">Target</a>, <a href=\"https://laohu8.com/S/HD\">Home Depot</a> and Macy’s Inc. Their results will round off an upbeat third-quarter earnings season, which helped push Wall Street to new highs.</p>\n<p>Retail sales data for October is also due on Tuesday, and is expected to reveal signs of any impact inflation has had on consumer spending.</p>\n<p>Boeing Co, up 5.49%, was the top boost to the Dow Jones Industrials as the stock closed at a three-month high after Emirates airline announced an order for two 777 Freighters and as Saudi Arabian Airlines was in talks with the planemaker for a wide-body jet order.</p>\n<p>The Dubai Airshow event is the first major aerospace conference since the pandemic decimated passenger air travel, with investors watching to see how the industry is coping with new dynamics.</p>\n<p>Electric-car maker Tesla Inc fell 1.94% after Chief Executive Elon Musk engaged in a dispute with Bernie Sanders as the U.S. senator demanded the wealthy pay their “fair share” of taxes.</p>\n<p>Tesla’s declines follow a steep drop of 15.4% last week after Musk offloaded a combined $6.9 billion worth of shares in the company.</p>\n<p>Dollar Tree Inc jumped 14.28% and was the top percentage gainer on the S&P 500 after activist investor Mantle Ridge LP revealed a 5.7% stake in the discount retailer.</p>\n<p>Declining issues outnumbered advancing ones on the NYSE by a 1.22-to-1 ratio; on Nasdaq, a 1.26-to-1 ratio favored decliners.</p>\n<p>The S&P 500 posted 50 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 129 new highs and 127 new lows.</p>\n<p>Volume on U.S. exchanges was 9.56 billion shares, compared with the 10.96 billion average for the full session over the last 20 trading days.</p>\n<p><a href=\"https://laohu8.com/NW/2183307423\" target=\"_blank\">Axon Shares Up 20% Following Q3 Beat</a></p>\n<p>Quarterly revenue grew 39% to $232 million, compared to the consensus estimate of $201.11 million. Quarterly bookings were up 54% to $488 million driven by strength in software and sensors.</p>\n<p><a href=\"https://laohu8.com/NW/2183907418\" target=\"_blank\">Lucid Stock Gains as Q3 Shows No Major Surprises for 'Car of the Year' Recipient</a></p>\n<p>Quarterly revenue was $232,000, compared to $334,000 in Q3/20. Customer reservations grew to 13,000 during the quarter, reflecting an order book of around $1.3 billion.</p>\n<p><a href=\"https://laohu8.com/NW/1199225991\" target=\"_blank\">Agora's total revenues were $45.0 million, up 46% year-over-year for Q3</a></p>\n<p>Net loss for the quarter was $21.1 million, compared to net loss of $2.9 million in the third quarter of 2020. After excluding share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets and income tax related to acquired intangible assets, non-GAAP net loss for the quarter was $11.4 million, compared to non-GAAP net income of $0.6 million in the third quarter of 2020.Adjusted EBITDA for the quarter was negative $9.1 million, compared to $1 million in the third quarter of 2020.</p>\n<p><a href=\"https://laohu8.com/NW/2183807177\" target=\"_blank\">360 DigiTech Announces Third Quarter 2021 Unaudited Financial Results and Declares Quarterly Dividend</a></p>\n<li>As of September 30, 2021, the company's digital platform has connected 115 financial institutional partners and 181.8 million consumers*1 with potential credit needs, cumulatively, an increase of 16.5% from 156.0 million a year ago.</li>","source":"yahoofinance","collect":0,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Wall Street ends little changed as rising yields weigh on tech</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; 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}\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nWall Street ends little changed as rising yields weigh on tech\n</h2>\n\n<h4 class=\"meta\">\n\n\n2021-11-16 05:00 GMT+8 <a href=https://finance.yahoo.com/news/us-stocks-wall-street-ends-210054189.html><strong>Reuters</strong></a>\n\n\n</h4>\n\n</header>\n<article>\n<div>\n<p>(Reuters) - Wall Street indexes closed out Monday’s session near the unchanged mark as rising Treasury yields dented the appetite for technology stocks, while Boeing shares advanced on signs of demand...</p>\n\n<a href=\"https://finance.yahoo.com/news/us-stocks-wall-street-ends-210054189.html\">Web Link</a>\n\n</div>\n\n\n</article>\n</div>\n</body>\n</html>\n","type":0,"thumbnail":"","relate_stocks":{".SPX":"S&P 500 Index","BA":"波音","TGT":"塔吉特","COMP":"Compass, Inc.",".DJI":"道琼斯","WMT":"沃尔玛",".IXIC":"NASDAQ Composite","HD":"家得宝","TSLA":"特斯拉"},"source_url":"https://finance.yahoo.com/news/us-stocks-wall-street-ends-210054189.html","is_english":true,"share_image_url":"https://static.laohu8.com/5f26f4a48f9cb3e29be4d71d3ba8c038","article_id":"2183607933","content_text":"(Reuters) - Wall Street indexes closed out Monday’s session near the unchanged mark as rising Treasury yields dented the appetite for technology stocks, while Boeing shares advanced on signs of demand for its freighter aircraft.\nThe technology sector, down 0.11%, was among the biggest drags on the day as U.S. Treasury yields moved higher, with the yield on the benchmark 10-year U.S. Treasury note touching its highest level since Oct. 27. Higher Treasury yields tend to weigh on high-growth areas such as tech, as they discount future earnings from the sector.\nBank stocks, which benefit from climbing yields, advanced with bond yields on the rise as investors positioned for the potential effects of the Federal Reserve’s tapering of its massive asset purchases and ahead of a scheduled sale of new 20-year bonds later in the week.\n“Wall Street is completely fixated over what is happening in the bond market. We are starting to see yields are rising and that will, ultimately, signal that there’s a lot more nervousness that the Fed could be a little bit late to the game on delivering a rate hike and will be forced to react a lot quicker, given the inflationary pressures,” said Ed Moya, senior market analyst at OANDA.\n“You’re seeing mixed trade right now because, while a lot of traders are focused on whether these inflationary pressures will keep Treasuries or rates climbing, you’re also seeing manufacturing improve in the Empire State and a lot more optimism from abroad.”\nData on Monday showed manufacturing activity in New York surged to 30.9 in November, well above the prior 19.8 reading and 21.2 estimate.\nThe Dow Jones Industrial Average fell 12.86 points, or 0.04%, to 36,087.45, the S&P 500 lost 0.05 point, or flat, to 4,682.80 and the Nasdaq Composite dropped 7.11 points, or 0.04%, to 15,853.85.\nFocus this week will be on earnings reports from several major retailers including Walmart, Target, Home Depot and Macy’s Inc. Their results will round off an upbeat third-quarter earnings season, which helped push Wall Street to new highs.\nRetail sales data for October is also due on Tuesday, and is expected to reveal signs of any impact inflation has had on consumer spending.\nBoeing Co, up 5.49%, was the top boost to the Dow Jones Industrials as the stock closed at a three-month high after Emirates airline announced an order for two 777 Freighters and as Saudi Arabian Airlines was in talks with the planemaker for a wide-body jet order.\nThe Dubai Airshow event is the first major aerospace conference since the pandemic decimated passenger air travel, with investors watching to see how the industry is coping with new dynamics.\nElectric-car maker Tesla Inc fell 1.94% after Chief Executive Elon Musk engaged in a dispute with Bernie Sanders as the U.S. senator demanded the wealthy pay their “fair share” of taxes.\nTesla’s declines follow a steep drop of 15.4% last week after Musk offloaded a combined $6.9 billion worth of shares in the company.\nDollar Tree Inc jumped 14.28% and was the top percentage gainer on the S&P 500 after activist investor Mantle Ridge LP revealed a 5.7% stake in the discount retailer.\nDeclining issues outnumbered advancing ones on the NYSE by a 1.22-to-1 ratio; on Nasdaq, a 1.26-to-1 ratio favored decliners.\nThe S&P 500 posted 50 new 52-week highs and 3 new lows; the Nasdaq Composite recorded 129 new highs and 127 new lows.\nVolume on U.S. exchanges was 9.56 billion shares, compared with the 10.96 billion average for the full session over the last 20 trading days.\nAxon Shares Up 20% Following Q3 Beat\nQuarterly revenue grew 39% to $232 million, compared to the consensus estimate of $201.11 million. Quarterly bookings were up 54% to $488 million driven by strength in software and sensors.\nLucid Stock Gains as Q3 Shows No Major Surprises for 'Car of the Year' Recipient\nQuarterly revenue was $232,000, compared to $334,000 in Q3/20. Customer reservations grew to 13,000 during the quarter, reflecting an order book of around $1.3 billion.\nAgora's total revenues were $45.0 million, up 46% year-over-year for Q3\nNet loss for the quarter was $21.1 million, compared to net loss of $2.9 million in the third quarter of 2020. After excluding share-based compensation expenses, acquisition related expenses, amortization expenses of acquired intangible assets and income tax related to acquired intangible assets, non-GAAP net loss for the quarter was $11.4 million, compared to non-GAAP net income of $0.6 million in the third quarter of 2020.Adjusted EBITDA for the quarter was negative $9.1 million, compared to $1 million in the third quarter of 2020.\n360 DigiTech Announces Third Quarter 2021 Unaudited Financial Results and Declares Quarterly Dividend\nAs of September 30, 2021, the company's digital platform has connected 115 financial institutional partners and 181.8 million consumers*1 with potential credit needs, cumulatively, an increase of 16.5% from 156.0 million a year ago.","news_type":1},"isVote":1,"tweetType":1,"viewCount":363,"commentLimit":10,"likeStatus":false,"favoriteStatus":false,"reportStatus":false,"symbols":[],"verified":2,"subType":0,"readableState":1,"langContent":"CN","currentLanguage":"CN","warmUpFlag":false,"orderFlag":false,"shareable":true,"causeOfNotShareable":"","featuresForAnalytics":[],"commentAndTweetFlag":false,"andRepostAutoSelectedFlag":false,"upFlag":false,"length":9,"xxTargetLangEnum":"ZH_CN"},"commentList":[],"isCommentEnd":true,"isTiger":false,"isWeiXinMini":false,"url":"/m/post/871171041"}
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