US Equity Markets End Lower After Strong Treasury Auction Demand, Fed Meeting Minutes

MT Newswires Live
1 hour ago

US equity indexes ended lower Wednesday after the 10-year government bonds displayed improved demand from a month ago at a Treasury auction and the Federal Reserve's September meeting minutes revealed a bias toward policy tightening.

* Most Federal Open Market Committee participants judged that another increase would likely be appropriate by year-end, minutes released Wednesday showed.

* Median one-year inflation expectations rose by 0.3 percentage points to 3.9% last month, the highest reading since May 2023, a survey by the Federal Reserve Bank of New York showed Wednesday.

* November West Texas Intermediate crude oil fell $0.42 to settle at $89.03 per barrel, while December Brent crude, the global benchmark, was last seen up $0.38 at $100.96.

* Micron Technology (MU) and Netlist have agreed to settle all pending legal proceedings between them, Netlist said Tuesday. Under the agreement, Micron will license Netlist's patent portfolio for $600 million over a five-year term. Micron shares rose nearly 4%, the top gainer on the Nasdaq.

* Skydance (SKYD) shares were down about 6.7%, the steepest decline on the S&P 500, after the company said late Tuesday it has effectively restructured the bulk of Warner Bros. Discovery's outstanding notes after completing its acquisition, retiring most legacy debt through a combination of tender offers and exchanges.

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

  1. 1
     
     
     
     
  2. 2
     
     
     
     
  3. 3
     
     
     
     
  4. 4
     
     
     
     
  5. 5
     
     
     
     
  6. 6
     
     
     
     
  7. 7
     
     
     
     
  8. 8
     
     
     
     
  9. 9
     
     
     
     
  10. 10