U.S. Futures Dip; Europe Stocks Climb to Record: Markets Wrap
Bloomberg
1 hr ago
Robert Brand
(Bloomberg) -- American stock futures slipped, suggesting the rally that drove the S&P 500 to an all-time high may pause as concern China is curtailing loan growth tempered optimism stoked by the U.S. economic rebound.
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ViacomCBS Inc. fell in premarket trading along with other stocks linked to the Archegos Capital Management implosion after Credit Suisse Group AG took a 4.4 billion franc ($4.7 billion) writedown and was said to have unloaded more than $2 billion in block trades. The dollar edged higher and Treasury yields were steady. European stocks, meanwhile, rose to a record as markets reopened after Monday’s holiday across the region.