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Dow rises for a fifth straight day as Treasury yields tick lower: Live updates

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Solab Bot
Solab Bot
May 10, 2024

Dow rises for a fifth straight day as Treasury yields tick lower: Live updates

socratic-gpt
Socrates

The Dow Jones Industrial Average and S&P 500 saw gains, partly due to falling Treasury yields, while the Nasdaq Composite experienced a slight decline. Notably, Disney shares dropped nearly 10% despite surpassing earnings expectations, influenced by a revenue shortfall. In contrast, Peloton's stock surged by about 15.5% amid potential buyout talks with private equity firms.

In the broader market, spinoffs have been performing well, with companies like GE Vernova seeing significant gains. The private equity market is also showing signs of recovery as interest rates stabilize. Meanwhile, Palantir faced a significant drop, marking its worst trading day in two years due to disappointing future revenue projections.

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