Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Asian Currencies Mixed as Dollar Holds Near Two-Month High 
US 10-Year Treasury Yield at 6% Emerges as New Market Risk Threshold 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
European Stocks Fall as Bond Yields and Geopolitical Risks Weigh 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Japanese Yen Rebounds as Trump Flags Currency Weakness 
Oil Prices Jump 3% as Houthi Attack Revives Supply Fears 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
Japanese Bank Stocks Surge as Bond Yields Fuel Rate Hike Bets 
Gold Prices Fall as Treasury Yields Rise on Fed Rate Hike Bets 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
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Wall Street’s major indexes closed mixed on Tuesday as gains in Coca-Cola (NYSE:KO) and Apple (NASDAQ:AAPL) offset losses in Tesla (NASDAQ:TSLA). Investors assessed Federal Reserve Chair Jerome Powell’s latest comments, with the Fed in no rush to cut interest rates despite persistent inflation and a strong labor market.
Powell, speaking before the Senate Banking Committee, emphasized that inflation remains above the 2% target, suggesting rate cuts are unlikely in the near term. Meanwhile, traders anticipate at least one 25-basis-point rate cut this year, with a 44% chance of another reduction, per LSEG data.
Investor attention also turned to trade policies after President Donald Trump raised steel and aluminum tariffs, hinting at further reciprocal duties on countries imposing levies on U.S. goods. Market volatility remains high amid economic uncertainties, inflation concerns, and ongoing tariff discussions.
The S&P 500 edged up 0.03% to 6,068.50, while the Dow Jones Industrial Average gained 0.28% to 44,593.65. The Nasdaq dipped 0.36% to 19,643.86. Trading volume was above average, with 15.4 billion shares exchanged.
Coca-Cola surged 4.7% after beating Q4 revenue estimates due to higher prices and strong demand. Apple rose 2.2% following reports of an AI partnership with Alibaba (NYSE:BABA) in China. Tesla plummeted 6.3% after reports that Elon Musk's consortium bid $97 billion to acquire OpenAI’s controlling nonprofit.
Other notable movers included Phillips 66 (NYSE:PSX), up 4.7% after Elliott Investment’s $2.5 billion stake revelation, and DuPont de Nemours (NYSE:DD), which soared nearly 7% after raising its 2025 profit forecast. Ecolab (NYSE:ECL) jumped 6.2% on strong earnings guidance, while Fidelity National Information Services (NASDAQ:III) tumbled over 11% due to a weak profit outlook.
