U.S. stocks staged a rebound rally on Monday, with each of the S&P 500, Dow and Nasdaq rising as retreating Treasury yields and vaccine optimism boosted risk assets.
Australian Dollar Outlook: AUD/USD Eyes Trade Data - Rebound or Breakdown?
2021-02-04 00:00:00
Thomas Westwater,
Analyst
Treasury Yield Curve, Australia Balance of Trade, AUD/USD – Talking Points
Wall Street rally cools but energy sector strength bolsters small-cap stocks
US fiscal stimulus developments push Treasury yield curve to highest level since 2015
AUD/USD subject to movement ahead of Australia’s balance of trade data
Wall Street moved higher for a third consecutive day on Wednesday as traders focused on the economic recovery following upbeat economic data. Upside momentum seen earlier in the week ebbed, however, as technology stocks moved lower despite better-than-expected earnings from Alphabet and Amazon after yesterday’s closing bell. The Nasdaq Composite cut early gains going into the close and put in a 0.01% loss.