Thousands of Palestinians walked for hours looking for a way out of the besieged northern Gaza Strip. The accelerating exodus from northern Gaza has alarmed the United Nations and some Western officials, who have urged Israel to end demands for people to leave the area, calling it an act of forced displacement.
Treasury Trust #TLT is up 1.03% this morning. It has risen in five of the past six trading days. The 10-year Treasury yield has fallen to 4.536% from 5% last week. Results from today's $40 billion 10-year Treasury auction will be released at 1:00 PM ET. Situation may change based on auction results.
eBay ( #EBAY ) provided fourth-quarter guidance that missed analysts' expectations. Shares fell 4.45%. Rivian (#RIVN) shares fell 1.49% after the electric car company reported third-quarter results and raised its annual production target. Biogen (#BIIB) fell 4.19% after reporting third-quarter results that beat analysts' expectations. (#TTWO) shares soared 6.74% after Bloomberg News reported that Rockstar Games, a subsidiary of video game publisher Take Two Interactive, is preparing to launch the highly anticipated Grand Theft Auto VI game as early as this week. Robinhood ( #HOOD ) shares fell more than 14% after reporting mixed third-quarter financial results and issuing higher guidance.
A sharp drop in US Treasury yields and strength in big tech stocks like #NVDA , #MSFT and #AAPL helped stabilize US stocks today. Technically, major market indexes are facing resistance at their downtrend lines. After eight consecutive sessions of gains and facing resistance, U.S. stock indexes will need very good news to break above their resistances. A market downside correction is likely.
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