Gold Holds Near $4,275 as Rising Treasury Yields Fuel Fed Rate Hike Bets 
US Stock Futures Fall as Treasury Yields Surge Ahead of Trump-Xi Summit 
Dollar Falls as Oil Eases, Yen Jumps on Intervention Signals 
Germany’s 2026 Growth Outlook Strengthens on Fiscal Spending 
RBI Uses $10 Billion Currency Swaps to Drain Excess Rupee Liquidity 
Soybean Futures Slip as Traders Await Trump-Xi Trade Signals 
U.S. Treasury Yields Surge as 30-Year Hits 22-Year High 
Fed’s Hammack Says Bond Yield Surge Is Not Driven by Inflation Fears 
Dollar Holds Near Two-Month High as Yen Approaches 160 
Wall Street Ends Flat as Oil, Treasury Yields and Fed Jitters Rattle Markets 
Asian Stocks Fall as Surging Bond Yields Rattle Markets 
US Comfortable With Canada Trade Standoff as Import Bans Loom 
Australia Unemployment Hits Five-Year High Despite Strong Jobs Growth 
Canadian Dollar Faces Pressure as Fed-BoC Policy Gap Widens 
Oil Prices Fall on U.S.-Iran Hormuz Deal Hopes 
Asian Stocks Fall as Bond Yields Surge Ahead of Trump-Xi Summit 
Add as a preferred source on Google
The S&P 500 closed lower Thursday as investor optimism over the Federal Reserve’s outlook for two rate cuts in 2025 faded. The Dow Jones Industrial Average dipped 11 points (0.03%), while the S&P 500 and NASDAQ Composite each fell 0.3%. Despite a strong rally Wednesday, uncertainty over Trump’s tariffs and economic slowdown fears kept all three indexes near six-month lows.
Labor market data showed resilience as initial jobless claims inched up to 223,000 from a revised 221,000, slightly below economists' forecast of 224,000. The Fed held interest rates steady at 4.25%-4.5% for a second straight meeting, reaffirming its plan for two cuts by year-end. However, it raised its 2025 inflation forecast to 2.8%, exceeding the 2% target, while trimming its GDP outlook. Fed Chair Jerome Powell cautioned that Trump’s trade policies could impact inflation and growth.
Apple (NASDAQ:AAPL) saw a 0.5% decline amid reports that CEO Tim Cook is revamping its AI strategy, tapping Vision Pro creator Mike Rockwell to lead Siri improvements. Tesla (NASDAQ:TSLA) ended flat after recalling nearly all Cybertrucks in the U.S. due to a defect that could cause exterior panels to detach. Microchip Technology (NASDAQ:MCHP) dropped 6.5% following plans to sell $1.35 billion in convertible stock to reduce debt.
Earnings reports are in focus, with FedEx (NYSE:FDX), Micron Technology (NASDAQ:MU), and Nike (NYSE:NKE) set to release results. Five Below (NASDAQ:FIVE) rose 0.6% on strong Q4 earnings, while Darden Restaurants (NYSE:DRI) surged over 5% after posting better-than-expected fiscal Q3 results.
