Treasury Yields Falls as Weak Payrolls Fuel Rate-Cut Bets | Closing Bell

Market Performance & Trends - Pharmaceutical sector experienced a surge, rising approximately 5% for the second consecutive day, influenced by reports of potential delays in pharma tariffs to facilitate drug price negotiations [2][13] - GoodRx saw a spike of 10-20%, seemingly driven by a CEO interview on another network [3] - Lithium Americas shares rallied around 23% following the U S Secretary of Energy's announcement on Bloomberg Television that the U S government agreed to acquire a 5% stake in the company [9][11] - Nike's shares increased by approximately 6 25% after reporting first-quarter revenue that surpassed average analyst estimates [12] - Space Mobile's shares surged 16% following the announcement of successful satellite deployment, with Barclays raising its price target to $60 from $37 [15][16] Economic Indicators & Analysis - Bond market activity indicated yields were down across the curve, reacting to ADP data, suggesting potential market concerns if ADP is the only payroll data available [3][4] - Market conviction for further rate cuts this year is near certainty, pricing in at least one cut by the end of October and another by December 10th [22][23] Company Specific News & Developments - Corteva's shares declined by 9 1% after announcing plans to separate into two independent companies, with investors expressing concerns about increased volatility in the pesticide business [16][17][18] - Cal-Maine Foods' shares decreased by 1 2% after reporting first-quarter profit and sales that fell short of expectations, reflecting changing consumer preferences for fancier egg varieties [18] - Peloton's shares dropped by 3 7% after the company increased hardware prices by an average of 11% and subscription fees by 19%, raising concerns about potential customer churn [20][21] - Amazon is consolidating Amazon Fresh and Happy Belly into one collection, aiming to streamline its food and grocery offerings [30]