U.S. stocks fell as the 10-year U.S. Treasury yield reached its highest level since July 2007, while a rebound in crude oil prices also weighed on equities. Tech and consumer shares led the declines, while software stocks bucked the trend and gained. By the close, the Dow Jones Industrial Average fell 0.68% to 51,511.59; the Nasdaq Composite Index dropped 1.13% to 26,936.04; and the S&P 500 Index declined 0.75% to 7,706.03.

TradingKeyan hour ago

McDonald's Shares Plunge 6% as $8.5 Billion Franchisee Support Plan Sparks Cash Flow Concerns

On September 23, Eastern Time, McDonald's (MCD) shares came under renewed downward pressure, falling over 6% intraday to record their largest single-day decline since March 2020 and approaching a four-year low. The stock has fallen in 9 of the past 11 trading sessions. Investors are assessing the impact of a major franchisee support plan on the company's short-term cash flow, as well as whether the initiative can sustain long-term growth.

TradingKey4 hours ago

US 10-Year Treasury Yield Rises to 5.093%, Highest Since July 2007

On September 23, Eastern Time, the U.S. Treasury market remained under pressure as the 10-year Treasury yield rose to 5.093%, hitting its highest level since July 17, 2007. Federal Reserve officials delivered a series of hawkish signals, while the latest services and manufacturing data further heightened market concerns over additional interest rate hikes.

TradingKey5 hours ago

Amgen Stock Forecast: AMGN Reclaims $410 as Pipeline Catalysts Build

Amgen rebounds to $410.24 as dazodalibep and IMDELLTRA strengthen the pipeline while $418.73 becomes the next technical test.

TradingKey6 hours ago

Micron Stock Forecast: Michael Burry Increases Short Position, Q4 Earnings Due Sept. 30, Can Stock Break $1,100?

Michael Burry recently posted on Substack stating that he has increased his short positions on Micron Technology (MU), Nebius (NBIS), the iShares Semiconductor ETF (SOXX), and Palantir (PLTR), describing the bet as "fairly large." His core rationale for being bearish on Micron is that the current memory shortage is primarily caused by capacity reallocation; once the supply of standard DRAM recovers, prices could come under pressure.

TradingKey6 hours ago

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