Beat the street: US Treasury yields slip
US Treasury yields extend declines on rising hopes of a dovish pivot by the Fed.
Applied Materials could weigh on trading amid reports it is under investigation. Gap delivers a Q3 results beat. Manchester United in focus on a report the English football club is set to ink a $33/share deal with British billionaire Jim Ratcliffe.
(AI Video Summary)
Stock market performance
Angeline Ong first talks about what's currently happening in the stock market. She mentions that the Federal Reserve might be considering lowering interest rates in the first half of next year, which could have an impact on the US economy. She also mentions that Treasury yields are going down, and the volatility index, which measures how unstable the market is, is at a low level. Overall, the stock market is doing alright with the S&P 500 and Nasdaq showing small increases.
A shorter week ahead
The video also covers some upcoming events, like the earnings reports from companies like NVIDIA and Hewlett Packard. Ong mentions that next week will be a shorter week because of Thanksgiving, with Thursday being a national holiday and Friday having only a half-day of trading. Retail is a big focus right now because of the upcoming Thanksgiving, Black Friday, and Cyber Monday sales. It's expected that there will be a lot of air travel for people going home for Thanksgiving.
Noteworthy company activity
She then talks about specific companies and news. Applied Materials, a company that makes semiconductor equipment, is being investigated for some shipments to China. Alibaba, a big e-commerce company, has seen its stock prices fall after canceling plans to sell one of its units. Gap, the popular clothing store, has reported better-than-expected results for the third quarter, especially at their Old Navy brand. And soccer team Manchester United is in talks with British billionaire Jim Ratcliffe about selling a 25% stake in the team.
Updates on gold
Lastly, Ong mentions that the price of gold has gone up recently because people think the Federal Reserve might not lower interest rates. There's some technical analysis that suggests that if the price of gold reaches a certain level, it could reach its highest point since May.
This information has been prepared by IG, a trading name of IG Markets Limited. In addition to the disclaimer below, the material on this page does not contain a record of our trading prices, or an offer of, or solicitation for, a transaction in any financial instrument. IG accepts no responsibility for any use that may be made of these comments and for any consequences that result. No representation or warranty is given as to the accuracy or completeness of this information. Consequently any person acting on it does so entirely at their own risk. Any research provided does not have regard to the specific investment objectives, financial situation and needs of any specific person who may receive it. It has not been prepared in accordance with legal requirements designed to promote the independence of investment research and as such is considered to be a marketing communication. Although we are not specifically constrained from dealing ahead of our recommendations we do not seek to take advantage of them before they are provided to our clients. See full non-independent research disclaimer and quarterly summary.
Seize your opportunity
Deal on the world’s stock indices today.
- Trade on rising or falling markets
- Get one-point spreads on the FTSE 100
- Unrivalled 24-hour pricing
See opportunity on an index?
Try a risk-free trade in your demo account, and see whether you’re on to something.
- Log in to your demo
- Try a risk-free trade
- See whether your hunch pays off
See opportunity on an index?
Don’t miss your chance – upgrade to a live account to take advantage.
- Get spreads from one point on the FTSE 100
- Trade more 24-hour indices than any other provider
- Analyse and deal seamlessly on smart, fast charts
See opportunity on an index?
Don’t miss your chance. Log in to take your position.
Live prices on most popular markets
- Equities
- Indices
- Forex
- Commodities
Prices above are subject to our website terms and agreements. Prices are indicative only. All share prices are delayed by at least 15 minutes.
Prices above are subject to our website terms and agreements. Prices are indicative only. All shares prices are delayed by at least 15 mins.
