Technology Instacart Stock Keeps Sinking Below Its IPO Price. Another Analyst Sees Risks Ahead. Oct. 2, 2023 1:15 pm ET Order Reprints

It’s been far too loud for too long for the yield curve inversion. The bond market saw the yield curve mark 305 trading days, or more than 14 months of inversion on Thursday, according to Dow Jones Market Data. That’s the longest stretch in history that the yield on the 2-year Treasury note has surpassed the 10-year yield without the economy officially slipping into a recession. The inversion around the time of the 1980s recession from August 1978 to the beginning of May 1980 was a little...

News of the Federal Reserve leaving the rates higher has the markets in a tight spot. As the closing bell approached, the Dow Jones Industrial Average had lost 209 points, or 0.6%. S&P 500 was down 1.1% and the Nasdaq Composite was 1.3% lower. Notably, among companies with a $1 billion or more in market capitalization, 113 stocks hit new 52-week lows on Thursday. Those included beauty brand Estée Lauder (ticker: EL), pharmaceutical giant Pfizer (PFE), and aerospace company RTX (RTX). Despite...

Technology Arm Stock Is Dropping Again. Why Its Owner Is Happy.

A surge in bond yields has hit the stock market, but the factors behind that move are hitting banking as well. After rallying for most of this year, the S&P 500 SPX –0.28% had fallen about 4% so far this month through Monday’s close as yields on longer-duration bonds took center stage. Higher bond yields are historically correlated with lower stock prices, and yields on 10-year Treasury debt hit the highest level since 2007 on Monday. Expectations that interest rates will stay higher for...