A quarter of the S&P 500 companies report earnings next week, and that could buffet the market as investors await the July Fed meeting.Market Insiderread more
Iran's Revolutionary Guard claims a British tanker it still holds, Stena Impero, failed to follow international maritime rules.World Newsread more
Amazon hires Trump-allied lobbyist Jeff Miller as battle for Pentagon contract heats up.Politicsread more
In a series of tweets, the president addressed an unusual controversy stemming from a speech delivered Thursday by New York Fed President John Williams.Marketsread more
"You need to understand that we're about to embark on the busiest week of the year for industrial earnings," CNBC's Jim Cramer says.Mad Money with Jim Cramerread more
Boston Federal Reserve President Eric Rosengren is lining up against an apparent push to cut interest rates, telling CNBC in an interview Friday that the central bank can...The Fedread more
The MTA reported that the 1, 2, 3, 4, 5 and 6 trains are all facing delays due to a network communications issue impacting service in both directions, NBC New York reports.Transportationread more
Companies aren't waiting for the U.S.-China trade war to be resolved, says the head of the world's biggest money manager.Investingread more
US officials including Treasury Secretary Steven Mnuchin and White House economic adviser Larry Kudlow will host a meeting at the White House on Monday of semiconductor and...Technologyread more
Trump's constant berating of the Fed and its actions does not influence the central bank's decisions, Boston Fed's Eric Rosengren says.The Fedread more
The lawsuits allege J&J's talc-based baby powder contained asbestos and caused ovarian and other cancers.Health and Scienceread more
U.S. government debt yields edged higher on Wednesday as equities recovered some of the steep losses seen from Monday.
The yield on the benchmark 10-year Treasury note traded at 2.786 percent after dropping to 2.729 percent, its lowest level since April. The 2-year yield climbed to 2.605 percent. Yields move inversely to prices.
Equities rose broadly on Wednesday, with the Dow Jones Industrial Average climbing more than 400 points in volatile trading. The bounce in stocks comes after they suffered on Monday their worst Christmas Eve sell-off in history. The Dow plunged 653 points on Monday, while the S&P 500 and Nasdaq dropped more than 2 percent each.
The indexes are also on track to post sharp losses for the month. Investors, unsettled by dramatic stock market losses and further U.S. interest rate increases, had been recently flocking to Treasurys amid a steep sell-off in U.S. equities. Treasurys are considered a safe haven for investors as they are typically less volatile than stocks.
"People are becoming more safety-minded and that's leading them to buying Treasurys," said Peter Cardillo, chief market economist at Spartan Capital Securities.
A partial U.S. government shutdown that began on Saturday heightened anxiety among traders and fund managers.
"If the government stays shut down for a couple of weeks, we will be inching closer to recession," said Cardillo. "Every time you shut down the government for a long time, it does shave off some economic activity."
Yields also rose after a weak auction of 5-year Treasury notes.
—Reuters contributed to this report.