The S&P 500 in line to bounce off five-week lows as Treasury yields pull back
How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA fell 337 points, or 1.02%, to 32817, the S&P 500 SPX declined 42 points, or 1.05%, to 3970, and the Nasdaq Composite COMP dropped 195 points, or 1.69%, to 11395.
How are stock-index futures trading On Friday, the Dow Jones Industrial Average DJIA fell 337 points, or 1.02%, to 32817, the S&P 500 SPX declined 42 points, or 1.05%, to 3970, and the Nasdaq Composite COMP dropped 195 points, or 1.69%, to 11395. “The U.S. economy is proving much more durable than many market participants expected just a few months ago,” said Stephen Innes, managing partner at SPI Asset Management.
“The U.S. yield reset is bulldozing through global risk markets as a combination of hotter inflation, better growth sentiment, and hawkish policy have most investors heading for the bunkers while others are seeking out the relative safety of the still highly valued U.S. dollar,” Innes added.
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