Articles by Daniel Marsh
Indian Markets Plunge as Oil Surge and Rupee Weakness Trigger Selloff
Indian stock benchmarks plunged sharply on Monday, with the Sensex dropping nearly 2,000 points, as surging oil prices and a record-weak rupee intensified selling pressure. Foreign investors have withdrawn $9.57 billion from Indian markets in March alone.
Mortgage Rates Surge Past 6.5% as Bond Yields Climb, Housing Data Weakens
U.S. mortgage rates jumped above 6.5% on Friday, reaching their highest level since early September. The surge follows a climb in the 10-year Treasury yield toward 4.37%, with market expectations for Federal Reserve rate cuts fading.
Kratos Defense Shares Slide 9% Amid Market Selloff, Nearing Recent Offering Price
Kratos Defense shares dropped sharply on Friday, closing at $84.62 after an 8.79% decline. The selloff brings the stock near the $84 price from its recent equity offering as broader markets retreated.
Geopolitical Tensions Fuel Oil Spike, Pressure Equities
Rising oil prices driven by Middle East tensions are stoking inflation fears and rattling stock markets, with the S&P 500 closing at a six-month low. The Federal Reserve held rates steady but highlighted energy cost risks.
QuantumScape Drops 4% Amid Broader Selloff as Macro Fears Batter EV Sector
QuantumScape stock declined over 4% Friday, mirroring a broad market retreat driven by energy price spikes and interest rate concerns, with EV battery peers also sliding.
Mortgage Rates Climb as Treasury Yields, Oil Prices Pressure Housing Market
U.S. mortgage rates increased this week, with the 30-year fixed average reaching 6.22% and daily readings hitting 6.53%, the highest level since September. Rising Treasury yields and oil prices are pushing borrowing costs upward.
S&P 500 Plunges to Six-Month Low as Oil Surge Dashes Rate Cut Bets
U.S. equities suffered a broad sell-off, with the S&P 500 closing at its lowest level since September. Surging oil prices and a jump in the 10-year Treasury yield above 4.3% prompted a sharp reversal in interest rate expectations.
Constellation Energy Plummets 11% on $5B Asset Sale, Power Sector Rout
Constellation Energy shares tumbled 10.9% following a major $5 billion divestiture to LS Power, part of its Calpine acquisition remedies. The selloff spread across the power sector as utilities led market declines.
