Workflow
Cryptocurrency - Exposed
icon
Search documents
Stocks Set to Open Lower as Bond Yields Climb, U.S. PCE Inflation Data Awaited
Yahoo Finance· 2025-12-01 11:19
Economic Data and Market Trends - The U.S. core personal consumption expenditures (PCE) price index, a key inflation measure, is set to be released, with expectations of soft inflation reflected in recent CPI and PPI reports [1][3] - Wall Street's major equity averages closed higher, with the S&P 500, Dow, and Nasdaq 100 reaching two-week highs, driven by gains in chip and energy stocks [2] - The yield on the benchmark 10-year U.S. Treasury note rose to 4.041%, indicating a shift in investor sentiment following hawkish comments from the Bank of Japan [10][5] Corporate Earnings and Stock Movements - High-profile companies such as Salesforce, CrowdStrike, and Marvell Technology are scheduled to report quarterly results this week, attracting investor attention [6] - Cryptocurrency-exposed stocks saw significant movements, with Riot Platforms and MARA Holdings experiencing gains as Bitcoin rebounded past $90,000 [2] - New Fortress Energy surged over 23% in pre-market trading after receiving preliminary approval for a contract in Puerto Rico [19] International Market Developments - The Euro Stoxx 50 Index opened lower, with industrial stocks underperforming, particularly Airbus, which faced a decline due to a recall of jets [11] - China's manufacturing activity showed signs of contraction, with the November Manufacturing PMI at 49.2, indicating ongoing economic challenges [14][13] - Japan's Nikkei 225 Index fell sharply as government bond yields increased, influenced by the Bank of Japan's potential rate hike signals [15][16]