The surge in long-term rates has cracked the stock market below what’s easily apparent, say Bank of America’s derivatives strategists.
MarketWatch
Futures Movers: Oil prices steady after pulling back to 3-week lows
Oil futures were flat to slightly higher early Tuesday, steadying after a three-day pullback to roughly three-week lows.
: Meta reportedly weighing ad-free subscription charges in Europe
Meta Platforms reportedly may start charging users to receive ad-free versions of their popular social media products.
Market Snapshot: S&P 500 futures hold their ground as Treasury yields stabilize
U.S. stock futures were struggling for momentum as the recent surge in bond yields continued to suppress investor sentiment
Movers & Shakers: WeWork shares dip as it skips interest payments, and other movers
ALX Oncology surges ahead of interim Phase 2 trial results
Brett Arends’s ROI: Thanks, Goldman, but I’d rather own these 1,000 stocks than the Magnificent Seven
Why it may make more sense to buy 1,000 companies than just seven.
Market Extra: Russian ruble tumbles to near 100 vs dollar, a level not seen since August
The ruble is sliding towards levels not seen since August, when the central bank hiked interested rates to 12%.
The Human Cost: Moonlighting as a car valet, tending bar and moving back home: Borrowers get ready for the return of student-loan payments
More than a third of borrowers say they’ll have to cut up to $500 from their budget to handle upcoming payments.
Dow Jones Newswires: China Evergrande shares surge after resuming trade in Hong Kong
China Evergrande Group’s shares rose sharply early Tuesday upon resuming trade, following a halt last week after the property developer’s chairman was placed under police control.
MarketWatch First Take: Does anyone want to buy bankrupt SmileDirectClub?
The company, which has been controversial and combative ever since it went public in 2019, may have an extremely hard time finding a buyer.