Slack pursued an unusual direct listing, meaning it did not have banks underwrite the offering.CNBC Disruptor 50read more
President Trump says Iran may not have intentionally downed an unmanned U.S. surveillance drone.Politicsread more
Slack's CEO said that the company didn't want to go public via an IPO so that it could be as transparent and accessible as possible.Deals and IPOsread more
Oil jumped as much as 6% on Thursday after Iran shot down a U.S. military drone, prompting President Trump to blast Tehran on Twitter.Energy Commoditiesread more
For doubters thinking the rally is just a last gasp of the decade-long bull market, chart analysts are here to prove them wrong.Marketsread more
Notorious "pharma bro" Martin Shkreli has reached a settlement with his former biopharmaceutical company Retrophin just weeks ago after he sued two company directors and its...Biotech and Pharmaceuticalsread more
"The slowdown in the global economy is reaching this shore," veteran trader Art Cashin says.Economyread more
Slack's public market debut on Thursday will generate billions for venture firm Accel and healthy returns for Andreessen Horowitz and Social CapitalTechnologyread more
JetBlue is ordering the longest-range Airbus jets to expand service to more European cities.Airlinesread more
Apple announced on Thursday that it will recall some 15-inch MacBook Pro laptops because they have batteries that may "overheat and pose a fire safety risk."Technologyread more
Health-care stocks have caught a cold this year, but one technical analyst sees the beginnings of a recovery.Trading Nationread more
U.S. government debt yields added to a marked climb higher Thursday, making new multiyear highs as strong economic data continued to tempt investors into riskier assets.
The yield on the benchmark 10-year Treasury note, which climbed nearly 12 basis points on Wednesday, hit its highest level since May 2011 early Thursday morning at 3.232 percent.
As of the latest reading, the 10-year rate held higher at 3.187 percent at 4:12 p.m. ET, while the yield on the 30-year Treasury bond, which broke a new 2014 high Thursday, was up at 3.346 percent.
Bond yields move inversely to prices.
Rates surged on Wednesday following data that showed that private payrolls rose by 230,000 in September which far surpassed the 168,000 jobs in August.
The report adds to the now-widespread view that the labor market is near or beyond full employment; the government's monthly report on the employment situation, including the unemployment rate, is due Friday at 8:30 a.m. ET.
Meantime, the ISM non-manufacturing index jumped to 61.6 last month, its highest level since 2008, when the index was established.
Economic sentiment received another boost Thursday after the Labor Department said that the number of Americans filing for unemployment benefits fell to a near 49-year low last week, with initial claims slipping to a seasonally adjusted 207,000.
In sum, the data provided additional evidence that the nine-year-old expansion in U.S. economy has yet to show signs of slowing down.
"The bond market has thrown in the towel, no longer intimating that yields move up or down based on whatever the inflation outlook is at a given time," said Kevin Giddis, head of fixed income capital markets at Raymond James.
"The likely reason for this is that the U.S. economy is strong and isn't really showing many signs of weakness, and as a bonus, prices have remained low and more importantly, unexplained," he added.
The strength of the recent data has helped the Federal Reserve account for its three hikes in the federal funds rate so far this year. Two-year Treasury rates, sensitive to such interest rate adjustments, have routinely hit highs not seen since 2008 over the past few weeks.
On Wednesday, Fed Chair Jerome Powell said that the U.S. central bank had a long way to go before interest rates hit neutral, suggesting to markets that more hikes could be on the horizon.