Global shares are mostly higher ahead of the release of U.S. economic growth data.
followed suit after trading closed for the day. They're among the most influential stocks on Wall Street indexes because they're some of the biggest.
“In our view, pulled all together, the conflicting data signals to us that we are in the ‘bend, not break’ phase of the cycle” for the economy, said Alexandra Wilson-Elizondo, co-head of portfolio management for multi asset solutions at Goldman Sachs Asset Management. Treasury yields jumped immediately after the release of the economic reports as traders upped their forecasts for the Fed and rates.rates for mortgagesThe two-year yield, which moves more on expectations for the Fed, rose more aggressively. It climbed to 4.08% from 3.95%.
. Its stock has more than halved this week after it gave details about how much in deposits its customers pulled following the second- and third-largest U.S. bank failures in history last month.The larger worry is that the banking industry's struggles could lead to a pullback in lending across the economy. That in turn could tighten the brakes even further, acting almost like another hike to interest rates.this year, which could mean further hits to corporate profits.
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