Wall Street: Dell übertrifft Erwartungen, Zinssorgen drücken die Wall Street

Wall Street sees a rebound from recent lows, but the takeaway from the global bond market remains the dominant story. The yields on 10-year US Treasury bonds have risen to 4.81 percent, while the 30-year yield has climbed above 5.28 percent, marking the highest level since 2008. Meanwhile, Brent oil prices hover just below $95, following the escalation between the US and Iran that recently pushed prices sharply upward.

This combination of oil and yield levels poses a challenge to the tech sector. Dell, however, delivers a blockbuster quarter, elevating its annual revenue outlook dramatically. Financial institutions JP Morgan, Bank of America, and Barclays have raised their respective price targets for Dell shares to $635, $600, and $603. In contrast, companies such as MongoDB, Credo Technology, and Palo Alto Networks cannot even benefit from a beat and raise.

This further underscores the extent to which expectations have soared in the tech sector. Now, the focus shifts to Broadcom and Snowflake after the market closes today. The critical macroeconomic report on the labor market is slated for Friday. JP Morgan anticipates around 50,000 new jobs, forecasting a Goldilocks range of approximately 30,000 to 70,000 positions.