"SP500: Mixed Market End as Yields Surge, All Eyes on Netflix"

1 min read
Source: Seeking Alpha
"SP500: Mixed Market End as Yields Surge, All Eyes on Netflix"
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TL;DR Summary

The S&P 500 ended with a five-day loss for the first time since October, while the Nasdaq and Dow closed mixed as bond sell-off resumed and uncertainty over monetary policy persisted. Investors are focused on Netflix's quarterly results, marking the start of earnings season for tech giants. Data on labor market and manufacturing activity reinforced the strength of the economy, leading to speculation that the Federal Reserve won't rush to cut interest rates. Treasury yields climbed, and semiconductor stocks declined after Taiwan Semiconductor Manufacturing lowered its growth forecast.

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