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Global Markets Fall After Bond Yields Surge morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.
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By Will Horner and Xie Yu U.S. stock futures were little changed Wednesday as investors awaited fresh comments from Jerome Powell a day after the Federal Reserve chairman soothed unsettled markets. Futures tied to the S&P 500, the Dow Jones Industrial Average and the technology-heavy Nasdaq-100 inched up 0.1%. Stock markets have wavered in recent days following a strong start to the year, with highflying tech companies leading declines. Investors said a rise in government bond yields, driven by improving growth prospects and rising inflation expectations, has accelerated a rotation out of the tech stocks that led markets higher during the pandemic, and into the stocks best placed to benefit from an end to lockdowns.
Stock Futures Tick Higher Ahead of Fresh Powell Testimony morningstar.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from morningstar.com Daily Mail and Mail on Sunday newspapers.