"Market Volatility: Treasury Yields Spike, Fed Rate-Cut Odds Dip"
TL;DR Summary
The S&P 500 started the second quarter in the red as surging Treasury yields dampened bullish sentiment, following an unexpected expansion in manufacturing activity that reduced expectations for Federal Reserve rate cuts. Microsoft rose as it plans to offer its Teams app as a standalone product, while Alphabet gained on positive analyst outlook. Micron rallied on increased demand for memory chips. Tesla raised the price of its Model Y, and Trump Media reported a significant annual loss, while AT&T faced a data leak issue.
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- Stock market today: Stocks finish mixed, yields rise to start second quarter trading Yahoo Finance
- June Fed Rate-Cut Odds Dip Below 50% After Strong ISM Data Bloomberg
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