Treasury Yields Rise, S&P 500 Extends April Slide 

Stocks mostly slumped Thursday as investors digested a range of corporate earnings including a better-than-expected report from Alaska Air.

Housing Market Slumps as Mortgage Rates Top 7% 

Existing home sales in March posted their biggest monthly drop in more than a year, buffeted by mortgage rates that rose again.

Jobless claims flat at 212,000 and still show no sign of rising layoffs 

The number of Americans who applied for unemployment benefits last week was unchanged at 212,000, reflecting a surprisingly resilient labor market in which layoffs and unemployment are very low.

Fed's Williams says he doesn't feel 'urgency' to cut rates 

The Federal Reserve's benchmark interest rate is in a "good place," moving inflation down, and there is no need to rush to push it lower, New York Fed President John Williams said Thursday.

June Fed rate-hike risk looms as U.S. labor market stays strong 

The once-unthinkable scenario of no interest-rate cuts by the Federal Reserve in 2024 is now giving way to another possibility: a slight chance of a quarter-point rate hike by June.

Leading index for U.S. economy retreats again after first increase in two years 

The leading indicators for the U.S. economy fell in March, just a month after posting the first increase in two years, but there's little sign that growth is slackening.

Pension Funds Are Pulling Hundreds of Billions From Stocks 

Stock portfolios at large pension funds had a blockbuster run. Now, managers are cashing out and shifting money into bonds.

Philly Fed factory gauge jumps to highest level in two years in April 

The Philadelphia Fed said Thursday its gauge of regional business activity jumped to 15.5 in April, from 3.2 in the prior month.

Companies Belly Up to Cash Buffet, in Five Charts 

With high rates beckoning, the dash to money-market funds and other high-yielding accounts is expected to continue-even if the Fed cuts rates, advisers say.

China Reports Steady Youth Unemployment 

China's youth unemployment rate remained steady in March, another tentative sign that the world's second-largest economy could be stabilizing.

(END) Dow Jones Newswires

04-18-24 1915ET