![]() ![]() Lea la cobertura del mercado de hoy en español aquí.Ītlanta Federal Reserve President Raphael Bostic talked tough on inflation in a speech Wednesday, saying the central bank still has a lot of work to do before it can declare victory. Right now there's also this hope that the earnings season can stabilize the market and maybe come to the rescue again, the way that it did last quarter." "There was a lot of pessimism in the market that it was able to rally pretty strongly from for a couple of months. "Q3 earnings reporting is not too far away and it's definitely in the market psychology that the Q2 earnings season helped to stabilize the markets," Ma said. Some market participants wondered whether markets have finally priced in a bottom after the sharp declines in the prior quarter. September's ISM services index also came out Wednesday showing solid growth. Traders are looking ahead to Friday's release of the nonfarm payrolls report. Private payrolls increased by 208,000, ADP said in its latest report, topping a Dow Jones estimate. That put pressure on stocks for much of the day. ![]() On Wednesday, yields rose sharply, with the rate on the benchmark 10-year Treasury surpassing 3.7% after briefly dipping below 3.6% in the previous session. Stocks staged a major rally earlier in the week, with the S&P 500 posting its biggest two-day gain since 2020, as bond yields declined from multiyear highs. ![]()
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