"Market Volatility: Stocks Wobble, Yields Climb, and Inflation Fears Persist"
TL;DR Summary
US stocks wobbled as the Dow looked to snap a six-day losing streak, with the S&P 500 and Nasdaq Composite seesawing throughout the trading day. Federal Reserve chair Jerome Powell's comments on inflation and rising tensions in the Middle East impacted bond yields, while earnings reports flooded in before the bell. UnitedHealth shares rose after beating profit estimates, while Bank of America reported an 18% drop in first quarter profit and Morgan Stanley topped expectations. Additionally, gold price forecasts, Trump Media stock decline, and concerns about new home construction and an antitrust probe against Live Nation added to market volatility.
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