MARKET REPORT

What an index, a sector or an asset class did, and why. The default for session coverage.

Wall Street Analysts Lift Price Targets on Microsoft, Snowflake and Robinhood

BofA, Rosenblatt and Morgan Stanley all raised targets this week, citing AI-driven growth and, for Robinhood, upside independent of crypto trading.

Morgan Stanley raised its Robinhood price target from $124 to $150, implying a 43% gain from current levels, while BofA lifted Microsoft's target to $600 and Rosenblatt raised Snowflake's to $345.

MARKET REPORTBULLISH

Bond Rout Pushes Japan Yields to Key Threshold as Oil Nears $88

Rising Fed rate-hike bets and a fresh leg up in crude are colliding with a deepening global bond selloff, leaving European equities largely flat.

Japan's government bond yields broke through a closely watched level as WTI crude tested $88 resistance and silver sat locked in a $67-$68.50 range, a combination traders say is driving cross-asset volatility rather than a one-directional move.

MARKET REPORT

Dollar Hits Two-Week High as Warsh Fuels Rate-Hike Bets, Yen Breaks 160

Treasury Secretary Bessent said the yen's slide is 'contained' and that Washington won't pressure the Bank of Japan on rates, even as gold steadied after a sharp selloff.

The dollar climbed to a two-week high and the yen slipped past 160 per dollar after Kevin Warsh's comments raised expectations for a Federal Reserve rate hike, while gold stabilized following a sharp drop.

MARKET REPORTBULLISH