Articles by Daniel Marsh
Mortgage Rates Rise as Treasury Yields Surge Post-Fed Decision
US mortgage rates increased to 6.78% following the Fed's rate decision, as long-term Treasury yields advanced. The gap between mortgage rates and Treasuries narrowed, indicating pressure from bond markets rather than mortgage-specific issues.
Dow Plunges Over 1,100 Points on Fed Stance, Caterpillar and Goldman Sachs Lead Decline
The Dow Jones Industrial Average tumbled roughly 1,150 points, driven by steep losses in Caterpillar and Goldman Sachs after the Federal Reserve voted to hold rates steady.
Wall Street Suffers Steep Losses as Fed Holds Rates Steady
U.S. stocks dropped sharply Wednesday after the Fed held rates steady and oil prices surged, with the Dow losing over 1,150 points as AI hardware stocks led declines.
Nu Holdings Stock Dips 3% as New Croma Product Raises Cost Concerns
Nu Holdings (NYSE:NU) shares fell 3.1% to $14.23 after launching the Croma premium card package, which may intensify reward cost pressures.
Rocket Companies Gains on $2.1 Trillion Servicing Book Amid Mortgage Downturn
Rocket Companies shares climbed 2.8% as its massive $2.1 trillion servicing book offsets weak mortgage demand, with rates at 6.76%.
Energy Sector Diverges as Oil Surge Lifts BP, Weighs on National Grid
A sharp rise in oil prices drove a 5.4-point divergence between BP and National Grid. BP gained 3.39% while National Grid fell 2.05%, as the FTSE 100 hit another intraday record.
UiPath Stock Rises 22% in Four Days as Cash Position Offsets ARR Concerns
UiPath shares rose 22.5% in four days, fueled by a $1.42 billion cash position and buybacks, but net new ARR growth is slowing.
