Stocks Fall As Global Bond Yields Stay Elevated | Closing Bell
Speakers
Carol Massar
— Anchor, Bloomberg
Joe Deaux
— Corporate and Economic State Crafting Reporter, Bloomberg
Scarlet Fu
— Anchor, Bloomberg Television
Summary
Bloomberg's closing bell coverage highlights a down day for U.S. equities as global bond yields remain elevated and semiconductor stocks reverse course. The hosts review major daily movers, including gains for Targa Resources and Duolingo, alongside declines for Meta and Caterpillar. The team also discusses Costco's potential expansion into the Medicare market.
- U.S. equities close lower as global bond yields remain at multi-decade highs.
- Semiconductor stocks drag the Nasdaq lower ahead of Nvidia's upcoming earnings report.
- Targa Resources gains on a 20-year midstream agreement with ExxonMobil.
- Duolingo rallies following an analyst upgrade citing strong daily active user metrics.
- Caterpillar trades lower alongside tech stocks due to its AI-adjacent data center exposure.
- Costco explores a limited rollout of branded Medicare plans for its members.
