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by Tyler Durden
Wednesday, May 26, 2021 - 07:52 AM
US equity futures rose on Wednesday, rebounding from a modest dip the day before as more central-bank officials joined the chorus predicting that inflationary pressures are transitory, while a recent dip in bond yields supported Nasdaq futures climb for a third straight session. At 7:15 a.m. ET, Dow e-minis were up 82 points, or 0.24%, S&P 500 e-minis were up 14 points, or 0.33%, and Nasdaq 100 e-minis were up 51.25 points, or 0.38%. Treasuries and the dollar were roughly flat, recovering from an earlier drop. BItcoin soared back over $40,000, rising as much as 8.6%, before paring gains.
Among the notable premarket moves were retail trader favorites GameStop and AMC which surged in U.S. premarket trading, adding to Tuesday’s rally as investors touted the stocks on social media platforms including Twitter, Stocktwits and trader WallStreetBets. The gains will add to losses for short-sellers of the stocks who have already seen $6
Stocks edge higher as investors weigh growth, inflation berkshireeagle.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from berkshireeagle.com Daily Mail and Mail on Sunday newspapers.
Shares suffer bruising fall as inflation worries mount
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Australian shares fell by the biggest margin since February on Wednesday as investors begin to count the cost of inflation and question the staying power of record high commodity prices.
The S&P/ASX 200 s 1.9 per cent decline was also the sharpest fall since the swift sell-off in government bonds three months ago sent tech stocks plummeting. The index closed at 6931 points; its record of 7172 was set on May 10.
The inflation concerns that drove the sharemarket selling in February were largely theoretical. Now, fund managers are grappling with real world price increases that have begun to weigh on the balance sheets of local blue chips.