Bank of America’s stock falls as investor disappointment over the $1.2 billion government fine added to the bank’s downbeat earnings report.
盘后总结
主要新闻
Shares of CoreWeave sank 15%, while yields in its bonds blew out further.
Bank of America shares fell Wednesday after the company posted weaker-than-expected trading revenue and the impact of a $1.2 billion Treasury fine.
The 10-year Treasury note yield fell on Wednesday after climbing earlier in the day as traders awaited still more economic data Thursday.
CoreWeave’s bonds issued a few months ago fell to 81 cents on the dollar earlier Wednesday, yielding more than 15%.
Barclays downgraded Dell, HPE, and NetApp on concerns that enterprise AI adoption is lagging.
Iran has escalated its strikes on commercial ships transiting Hormuz in recent weeks, as it tries to choke off a rebound in crude oil exports.
Every weekday, the Investing Club releases the Homestretch; an actionable afternoon update just in time for the last hour of trading.
Fannie Mae just put out its latest forecast for mortgage rates, and they are much higher than previous estimates.
Some analysts say investors are demanding a higher “term premium” to buy government debt, reflecting growing worries about debt levels and deficits.
The S&P 500 fell 1.1 percent on Wednesday, the steepest drop in more than two months.
OpenAI is facing mounting scrutiny over its safety and security practices, including around how the company is working to protect children.