Articles by Daniel Marsh
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.
Welltower Retreats as Rate Hike Jitters Rattle Healthcare REITs
Shares of healthcare real estate investment trust Welltower declined sharply as rising bond yields and shifting Federal Reserve expectations pressured the sector. The stock closed significantly below a recent peak.
AGNC Shares Slide Amid Treasury Yield Spike, Mortgage REITs Under Pressure
AGNC Investment Corp. shares dropped 5.3% to $9.75 on Friday as a surge in Treasury yields weighed on mortgage-focused real estate investment trusts. The decline reflects broader market pressures and fading expectations for near-term Federal Reserve rate cuts.
NIO Shares Retreat Despite Milestone Profit as Sector Concerns Mount
NIO's U.S.-listed shares declined nearly 8% Friday, dragged down by broader weakness in Chinese electric vehicle stocks following a disappointing forecast from rival Xpeng. The sell-off occurred despite NIO recently posting its first-ever quarterly net profit.
KeyBank Executives Land Key Roles at ProMedica and in Alaska Market
Former KeyBank regional head Jim Hoffman assumes the chairmanship of ProMedica's board of trustees, following the health system's recent credit upgrade. Concurrently, KeyBank has elevated veteran banker Garet Plantz to oversee small business relationships in Alaska.
United Airlines Shares Drop on Soaring Fuel Costs, Capacity Cuts
United Airlines Holdings shares tumbled 4.46% Friday as the carrier warned employees of potential $175 per barrel crude oil prices and announced deeper flight reductions, primarily from Chicago O'Hare.
