Stock market news live updates: Stocks, Treasury yields rise as Dow recovers after worst weekly loss since October - Yahoo Finance
Jun 21, 2021 2 mins, 51 secs
Stocks jumped on Monday, with the three major indexes looking to recover some of last week's steep losses as an initial jolt following the Federal Reserve's updated outlook for rates subsided. .

Still, the yield curve has flattened in the wake of the Fed's latest policy update, and the spread between the five and 30-year Treasury yield narrowed to the smallest margin since August Monday morning, according to Bloomberg data. .

economic reopening, that’s the only reasonable stance for the central bank to take but it is creating a classic growth scare," Nicolas Colas, DataTrek co-founder, wrote in a note Monday morning.

Later this week, investors will receive the latest update on core personal consumption expenditures (PCE), which serves as the Fed's preferred gauge of inflation.

Despite the monetary policy-driven pullback last week, some strategists remained optimistic about the path forward for U.S.

"The Fed gave a little bit of a reason for people to kind of take some gains," Ross Mayfield, Baird Investment Strategy analyst, told Yahoo Finance.

The three major indexes extended earlier advances to trade sharply higher, with both the S&P 500 and Dow up by more than 1.2% heading into the afternoon session.

And I think from our perspective it's that next three to six months part that's probably the most important," Stuart Kaiser, UBS head of equity derivatives research, told Yahoo Finance on Monday.

This added to concerns for crypto holders after reports last week suggested a major Chinese city was planning to shut down all Bitcoin and Ethereum mining operations within a year. .

Bitcoin (BTC-USD) traded lower by nearly 6% to hover around $32,100 Monday morning in New York.

Shares of companies including MicroStrategy (MSTR), a major corporate holder of Bitcoin, and Coinbase (COIN), the largest crypto exchange in the U.S., sank sharply Monday morning.

Emily McCormick is a reporter for Yahoo Finance.

Aron Betru, director of the Milken Institute Center for Financial Markets, joined Yahoo Finance Live to discuss a new report, "14 Strategies for Partnering With Mission-Focused Banks," which outlines how partnering with mission-focused banks can be a primary weapon to fight against the racial wealth gap.

Stephanie Lang, CFA, Principal and CIO at Homrich Berg, joins Yahoo Finance Live to discuss outlook on the Fed, interest rate hikes, and crypto’s volatility.

Morgan Stanley said 2021 was beginning to resemble 2004, a year which may offer clues for investors as to what will happen in the months ahead.

Stock benchmarks trade higher Monday afternoon, with small-caps in the Russell 2000 leading the charge, as investors focus on strengths in the U.S

The Dow was set for its best day in more than three months on Monday as investors piled back into financials and energy shares that are set to benefit from a broader economic recovery

saw its shares more than double in a week after it became the latest stock touted on Reddit as a possible short squeeze.The Plano, Texas-based company jumped as much as 74% to $10.88 a share on Monday before paring some gains, though it’s still up about 130% from a week ago

In this article, we will take a look at the 10 best alternative energy stocks to buy now

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