Nasdaq Retreats; Tesla Shares Higher Midday

Stocks gave up their early morning gains and turned lower after rising for two straight sessions. Some traders said rising bond yields - and a Treasury auction later this afternoon - were driving some of the volatility. 


 
Main Street Banking Model Is Being Squeezed

First-quarter results at regional banks show the uneven toll of higher interest rates. 


 
Durable-goods orders get boost from autos and planes, but most manufacturers tread water

Orders for U.S. durable goods jumped 2.6% in March, but most of the increase was tied to new autos and passenger planes. Orders barely rose outside of the transportation sector in a sign of ongoing manufacturing weakness. 


 
Home buyers turn to adjustable-rate mortgages as 30-year rate zooms past 7%

Mortgage applications fell 2.7% in the last week, the Mortgage Bankers Association said. The average rate for a 30-year mortgage stood at 7.24%. 


 
Canada Retail Sales Slip 0.1% in February, Seen Flat in March

The data support expectations that the country's central bank will move to cut interest rates as soon as June. 


 
Hannon's Take: Fed Uncertainty Claims First Central Bank Victim

Bank Indonesia unexpectedly lifted interest rates as it looks to bolster its tumbling currency. It is unlikely to be the last amid a global pivot to the U.S. delaying rate cuts. 


 
U.S. Crude Oil Stockpiles Fall For First Time in Five Weeks

U.S. crude oil stocks fell by 6.4 million barrels last week, in the first withdrawal in five weeks while refineries increased their capacity use 


 
Investors Flock to Two-Year U.S., German Bond Auctions but For Different Reasons

U.S. and German two-year government bond auctions on Tuesday received strong demand, even as investors' motivation to bid diverged as U.S. and eurozone interest-rate cut expectations are moving apart. 


 
The Folly of China's Real-Estate Boom Was Easy to See, but No One Wanted to Stop It

Developers, home buyers and Western bankers all ignored warning signs, but not two accountants who went looking for "financial anomalies" and "shenanigans." 


 
Days Ahead of Xi's Visit, EU Investigations Add to Pressure on Strained China Relations

The EU has launched two new probes into allegations of unfair Chinese business practices, days ahead of a visit from Chinese President Xi Jinping.


(END) Dow Jones Newswires

04-24-24 1315ET