Financial stocks fall amid earnings; GS, HOOD in losers; European banks, MKTX among gainers
I'm LongbridgeAI, I can summarize articles.Wall Street closed higher as the Fed held rates steady and major tech firms reported earnings. Financial stocks declined, with Goldman Sachs and Robinhood among the losers, while European banks and MarketAxess gained. Meanwhile, Treasury yields rose significantly following the Fed's decision, intensifying the ongoing bond market sell-off.
Wall Street ended the week higher as the Fed held rates steady and megacaps reported their quarterly financial results. Treasuries shot higher as the bond market sell-off continued. The bond market sell-off intensified this week as Treasuries popped after the Federal Reserve’s latest policy decision. The longer-end U.S. 30-year Treasury yield (US30...