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Treasuries Surrender Gains After China Rate Cut:Treasuries press session lows ahead of the cash open. The complex surrendered its early gains in response to China's interest rate cut. The PBOC lowered its deposit rate 25bps to 2.75% and its 1Y lending rate 40bps to...
Equity ratings changes direct from brokerage firms.
Action Ticker Brokerage Firm
Reiterated APA Mizuho
Initiated NMBL Maxim Group
Initiated VMEM Maxim Group
For the first time it seems in a while, the major indices all closed with a loss on Wednesday. Selling interest was more prominent in the the Russell 2000 (-1.0%) and Nasdaq Composite (-0.6%) than it was in the Dow (-0.01%) and S&P 500 (-0.15%). The indication from...
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