{"id":3391,"date":"2024-11-27T19:01:36","date_gmt":"2024-11-27T19:01:36","guid":{"rendered":"https:\/\/dogewisperer.com\/?p=3391"},"modified":"2024-11-27T19:01:36","modified_gmt":"2024-11-27T19:01:36","slug":"stocks-fall-yen-eyes-best-day-in-2-months-bitcoin-rebounds-above-96000-whats-driving-markets-wednesday","status":"publish","type":"post","link":"https:\/\/dogewisperer.com\/?p=3391","title":{"rendered":"Stocks Fall, Yen Eyes Best Day In 2 Months, Bitcoin Rebounds Above $96,000: What&#8217;s Driving Markets Wednesday?"},"content":{"rendered":"<div>\n<p>Global markets faced turbulence by midday Wednesday as an unwinding of yen-dollar carry trades drove sharp losses in U.S. equities, with the tech-heavy<strong> Nasdaq 100<\/strong> falling <a href=\"https:\/\/www.benzinga.com\/markets\">1.2% in intraday trading.<\/a><\/p>\n<p>Rising expectations that the <strong>Bank of Japan<\/strong> may raise interest rates in December pushed the dollar-yen pair down by 1.5%, marking its steepest drop since late September. This triggered a wave of \u201crisk-off\u201d sentiment, pressuring major indices.<\/p>\n<p>The<strong> S&amp;P 500<\/strong> dipped 0.5% by midday, on track to snap a seven-day winning streak, while small caps in the <strong>Russell 2000 <\/strong>remained relatively steady. Treasury yields fell significantly as fresh economic data failed to stoke concerns about an imminent change in the Federal Reserve&#8217;s interest rate path.<\/p>\n<p>The U.S. economy expanded at an annualized 2.8% in the third quarter, according to a second estimate that matched earlier print. October&#8217;s <strong>Personal Consumption Expenditures<\/strong> (PCE) price index, the Fed\u2019s preferred inflation gauge, also came in line with forecasts, <a href=\"https:\/\/www.benzinga.com\/news\/global\/24\/11\/42220106\/dollar-treasury-yields-stocks-fall-in-tandem-after-october-inflation-uptick\">showing a modest uptick.<\/a><\/p>\n<p>Traders continue to &#8230;<\/p>\n<p><a href=\"https:\/\/www.benzinga.com\/news\/econ-s\/24\/11\/42221646\/stocks-fall-yen-eyes-best-day-in-2-months-bitcoin-rebounds-above-96000-whats-driving-markets-wednesda\" alt=\"Stocks\" fall yen eyes best day in months bitcoin rebounds above what driving markets wednesday>Full story available on Benzinga.com<\/a><\/p>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>Global markets faced turbulence by midday Wednesday as an unwinding of yen-dollar carry trades drove sharp losses in U.S. equities, with the tech-heavy Nasdaq 100 falling 1.2% in intraday trading. Rising expectations that the Bank of Japan may raise interest rates in December pushed the dollar-yen pair down by 1.5%, marking its steepest drop since [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"iawp_total_views":0,"footnotes":""},"categories":[2],"tags":[3,4,5],"class_list":["post-3391","post","type-post","status-publish","format-standard","hentry","category-news","tag-crypto","tag-doge","tag-news"],"_links":{"self":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3391","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=3391"}],"version-history":[{"count":0,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=\/wp\/v2\/posts\/3391\/revisions"}],"wp:attachment":[{"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=3391"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=3391"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/dogewisperer.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=3391"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}