Stock markets are under pressure from rising crude oil prices and bond yields, with the 10-year Treasury yield reaching 5.27%, its highest level since 2007. Goldman Sachs notes that the S&P 500 rally remains narrow and largely confined to AI-related stocks, with the median stock in the index trading 16% below its 52-week high. The U.S. Department of Justice has closed its investigation into CrowdStrike’s contracts with Carahsoft, a matter that had pushed the stock lower twice. Investors who focused on fundamentals have been rewarded, with CrowdStrike shares rising from $75 in October 2024 to $259 on Monday. This week, earnings from Jefferies, Carnival and CarMax, along with Consumer Confidence and JOLTS data, will be closely watched by market participants.
Source: Read the original article
