Stocks Plunge Before The Open As Bond Yields Tick Higher On Fed Concerns, ECB Minutes In Focus

Published by

March S&P 500 futures (ESH23) are trending down -0.49% this morning after three major U.S. benchmark indices finished the regular session mixed as another round of U.S. economic data and hawkish comments from Fed officials reinforced expectations that the Federal Reserve would keep raising interest rates to combat inflationary pressures. In Wednesday’s trading session, the Nasdaq and S&P 500 indexes retreated as the U.S. 10-year Treasury yield topped 4% for the first time since November following a fresh deluge of economic data and the remarks from Fed officials. Energy and materials sectors, …

Read More

See also  Paddy Considine and Mena Massoud to star in boxing drama Giant

Leave a Reply