by Tyler Durden
Tuesday, Apr 06, 2021 - 07:48 AM
Global stocks hit record highs on Tuesday, supported by strong economic data from China and the United States, although US equity futures slipped as concern China is curtailing loan growth tempered optimism stoked by the U.S. economic rebound. Nasdaq underperformed as investors locked in some gains on renewed reflation concerns hopes while currency and bond markets paused for breath after a month of rapid gains in the dollar and Treasury yields. At 715 a.m. ET, Dow E-minis were down 41 points, or 0.11%, S&P 500 E-minis were down 8 points, or 0.20% and Nasdaq 100 E-minis were down 11.5 points, or 0.23%.
S&P Futures Hit All Time High To Start The New Quarter
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Futures Flat, Yields Rise Ahead Of Biden Multi-Trillion Infrastructure Plan
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Futures Slides As Yields Surge, Archegos Jitters Persist
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by Tyler Durden
Wednesday, Mar 17, 2021 - 07:52 AM
S&P futures edged lower, European and Asian markets were mostly lower and Treasury yields climbed sharply ahead of a key Federal Reserve meeting at which officials will deliver their outlook for the economy amid an overheating recovery that risks stoking inflation, and where all eyes will be the median 2023 dot for a potential hawkish signal that sends yields soaring.
At 0715 a.m. ET, S&P 500 E-minis were down 14 points, or 0.34% and Nasdaq 100 E-minis were down 148 points, or 1.13. The FAAMG stocks all slumped while Fuel-cell firm Plug Power Inc. plunged more than 20% in pre-market trading after it disclosed accounting errors.