U.S. stock-index futures were trading slightly higher early Friday, but stocks are likely to book a second straight weekly loss in a volatile stretch for Wall Street, framed by rising bond yields and concerns about the global recovery from the coronavirus pandemic.
The impetus for that action is the rise in bond yields on expectations that the economy may stage a more potent recovery and suffer higher inflation in the wake of the $1.9 trillion fiscal stimulus package from the Biden administration. Early Friday, the yield on the 10-year Treasury note yield TMUBMUSD10Y, 1.676%, after touching a nadir this week around 1.59%, was at around 1.67%, but still below its level last Friday at 1.729%.
LOL! Stocks cannot be stocked for survival purposes. Finance is a ridiculous toxic bubble, a parasite worse than COVID.
thanks for this news