U.S. Stocks Rebound After Losing Earlier Gains

U.S. stocks rose Friday, buoyed by a bounceback in consumer technology companies and some better-than-expected third-quarter results.

“If next week’s data comes in firm and shows us that this economy isn’t losing momentum, then that will likely provide a big confidence boost to stocks, and could help support a rebound,” said Tom Essaye, president of the Sevens Report. In addition to more earnings next week coming from Bank of America to Netflix to energy company Schlumberger , Wall Street will also be keeping an eye on the economic calendar, with a batch of reports on retail sales, housing starts and existing-home sales.

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Wall Street Jurnal -
U.S. Stocks Rebound

U.S. stocks rebounded Friday, buoyed by a bounceback in consumer-technology companies and some better-than-expected third-quarter results.

In early afternoon trading, U.S. stocks’ rebound momentarily sputtered, with the Dow industrials giving up a more than 400-point rise to briefly turn negative. All three indexes were on track to end the week sharply lower after dramatic selloffs on Wednesday and Thursday.

Wall Street Jurnal -
Here’s why stock-market investors suddenly freaked out over rising bond yields this week

A bond market selloff that pushed long-dated yields to more-than-seven-year high certainly appeared to give stock-market investors a fright this week.

In a note, Jones observed that, until recently, rising Treasury yields tended to coincide with a rising S&P 500 and outperformance by cyclical stocks, with both bond yields and equities pushed higher by good economic news. “But this week’s drop in the index and marked underperformance of cyclical sectors — which has had no obvious trigger in the economic data — has come in the wake of a 40 [basis point] surge in the 10-year Treasury yield since mid-August,” Jones said.

Wall Street Jurnal -
Roku’s Stock Is Getting Rocked This Month

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The stock was down 11%—the biggest percentage loss among stocks in the Barron’s Next 50 index—amid broader tech-stock weakness. On Thursday, they were up less than 1% as of early afternoon at around $57.. October has wiped out much of the streaming-video company’s gains this year.

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