Wednesday, November 22, 2023

Market Insights: Treasury Yields Rise, Tech Moves, and Oil Falters on OPEC+ Delay

Investors assessed various economic indicators to gauge the Federal Reserve's future actions, leading to an increase in Treasury yields. Two-year yields reached 4.9% following data revealing a rise in short-term inflation expectations in the US for November. The S&P 500 saw reduced gains, Microsoft Corp. rose as Sam Altman's return to lead OpenAI was announced, while Nvidia Corp. declined after its financial results. Additionally, oil prices fell as the OPEC+ meeting scheduled for the weekend was delayed due to challenges in output level discussions.

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