Cardillo’s Corner

October 5, 2018

Wall Street succumbs to soaring bond yields

(Reuters) – U.S. stocks fell broadly on Thursday, mirroring weakness in the global markets, as government bond yields surged to multi-year highs on robust U.S. economic […]
October 5, 2018

Stocks open little changed as rates pop on jobs report

Stocks opened little changed on Friday after the release of mixed employment data jolted interest rates higher. The Dow Jones Industrial Average rose just 9 points […]
October 5, 2018

Stock futures point to modest losses after payroll report

S&P 500 coming off biggest drop since June U.S. stock-index futures pointed to a slightly lower open on Friday, after the September payrolls report came in […]
October 5, 2018

Dow tumbles on rate worries after this week’s record highs

This economy might be too much of a good thing. Traders were in sell mode Thursday on worries that a recent string of strong economic data […]
October 4, 2018

US STOCKS-Wall St set to open lower as Treasury yields jump

* 10-yr U.S. Treasury yield at highest since 2011 * Bank stocks among early gainers * Constellation Brands gains after lifting qtrly forecast * Futures drop: […]
October 4, 2018

US STOCKS-Futures rise on hopes of Italy’s budget concessions

* Futures gain: Dow 0.19 pct, S&P 0.25 pct, Nasdaq 0.25 pct By Medha Singh Oct 3 (Reuters) – U.S. stock futures rose on Wednesday, buoyed […]
October 1, 2018

Business for breakfast Radio interview

October 1, 2018

Trade war could ‘take a bite’ out of US earnings: Economist

Peter Cardillo from Spartan Capital Securities says third-quarter earnings could take a hit due to the U.S.-China trade war as costs have been going up. Trade […]
October 1, 2018

Oil Flat, On Track Weekly Gain — Market Talk

08:42 ET – US benchmark oil prices are virtually flat early in NY but on track for a nearly 2% weekly gain that would be the […]