12:38 PM EDT, 04/01/2024 (MT Newswires) -- US equity indexes fell after midday Monday as government bond yields surged after a closely monitored gauge indicated expansion in manufacturing activity. The S&P 500 fell 0.3% to 5,238.7, hovering close to its record high of 5,261.1. The Nasdaq Composite fell less than 1% to 16,369.9. The Dow Jones Industrial Average at 39,553.8...

Texas Capital Bancshares Inc ( TCBI ) shares were down in early trading on Monday. The Federal Reserve is likely to cut its benchmark interest rates three times by 25 basis points (bps) each in 2024, beginning in June, and by three more times by 25bps in 2025, according to Truist Securities. The Texas Capital Bancshares ( TCBI ) Analyst: Brandon...

US Stock Market Analysis Most US stock indices opened lower on Monday, the first session of April, following strong quarterly profits. Investors are evaluating the Federal Reserves monetary policy amidst this scenario. Federal Reserve's Monetary Policy Federal Reserve Chair Jerome Powell emphasized caution regarding rate cuts, citing inflation above the 2% target. Trading Overview Dow Jones dropped 0.6%, or 232...

12:57 PM EDT, 04/01/2024 (MT Newswires) -- Broad Market Indicators Broad-market exchange-traded funds, including IWM and IVV, were trading lower. Actively-traded Invesco QQQ Trust (QQQ) was up 0.1%. US equity indexes fell after midday Monday as government bond yields surged after a closely monitored gauge indicated expansion in manufacturing activity. Energy iShares US Energy ETF (IYE) rose 0.6% and Energy...