General
10-year Treasury yield falls below 3
The first trading day of the New Year sent Treasury yields mostly lower as of Tuesday morning, as traders weighed the prospects of a recession against the idea that inflation may be set to ease further. The 10-year Treasury yield fell 13 basis points to 3.74%, dropping alongside most other rates. T Source
New omicron subvariant has become dominant in U
XBB.1.5 has overtaken earlier omicron subvariants after more than doubling its share of new cases every week in December. Source
Apple valued below $2 trillion for the first time in
The slide in Apple shares over the past year has shaved $996.5 billion from the company's peak closing market capitalization. Source
‘Recession is what everyone is betting on,’ says money manager,
In the first trading day of the new year, U.S. financial markets were bogged down by the almost universal view that a recession is approaching. Source
Tesla stock wipes out three-day bounce, falls to lowest price
Tesla stock falls to fresh lows after disappointing deliveries data, to knock the EV maker down to 15th on list of most valuable S&P 500 index companies. Source