Stocks Show Mixed Performance as Energy Producers Rise and Homebuilders Decline
Market Overview: The S&P 500 is down slightly by -0.05%, while the Dow Jones is up by +0.43%. Energy stocks are rising due to increased oil prices following geopolitical tensions in Venezuela, while homebuilding stocks are declining after disappointing earnings from Lennar.
Interest Rates and Economic Indicators: The 10-year T-note yield has increased to 4.17%, influenced by rising bond yields in Japan and dovish comments from Fed Governor Waller regarding interest rates. Upcoming economic reports are expected to show a decrease in unemployment claims and a slight rise in CPI.
Stock Movements: Jabil Inc leads gainers in the S&P 500 with a +6% increase after strong earnings, while homebuilding stocks like Lennar are down over -3%. Other notable movers include Albemarle and Lumentum Holdings, both up more than +4%.
International Market Trends: Overseas markets are mixed, with the Euro Stoxx 50 down -0.21% and Japan's Nikkei up +0.26%. European bond yields are also mixed, reflecting varying economic conditions across the region.
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