Markets Stabilize After Worst Fall for Stocks in Months

  • 📰 WSJ
  • ⏱ Reading Time:
  • 49 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 23%
  • Publisher: 63%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Stock futures edged higher after major indexes tumbled Monday on concerns over the spread of Covid-19 variants and potential setbacks to the economic recovery

. S&P 500 futures and Nasdaq 100 futures also climbed 0.5%, pointing to gains for both the broad-market index and technology stocks.

Investors have grown concerned over the Delta coronavirus variant, prompting a reassessment of the economy’s prospects. Despite this, the three major stock indexes each closed only around 3% down from their all-time highs Monday, underscoring the strength of the rally that powered equity markets in the first half of the year.

“When you get a selloff like we had yesterday, there are certainly going to be some investors who are going to see that as an opportunity to invest for the longer term,” said Kiran Ganesh, a multiasset strategist at UBS Global Wealth Management. “Especially where the 10-year [Treasury] yields have gone, that still points to the default position for investors as long equities, because there are simply very few other options.

In bond markets, the yield on the benchmark 10-year U.S. Treasury note extended its fall and edged down as low as 1.167%, after dropping to 1.181% Monday in theTo Read the Full Story

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 98. in İE
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

FBI / CIA: we're not lessening their focus on any else. Even the IRS found some sticky preference.

good

Get to your head checks whenever. Don't be negligent. Telehealth: no excuses.

Ireland Ireland Latest News, Ireland Ireland Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Five9 stock rallies, Zoom shares fall after $14.7 billion all-stock merger deal announcedShares of Five9 Inc. undefined surged 8.4% in premarket trading after the $14.7 billion all-stock buyout deal by Zoom Video Communications Inc. undefined was...
Source: MarketWatch - 🏆 3. / 97 Read more »

Stock Market Records Rest More on Faith Than Corporate ProfitsStreetwise: As earnings season gets under way, two things stand out: how much the earnings improvement has mattered this year and how little disappointing earnings mattered in the past few years And how sustainable are the earnings? We all know when and where is my world only when to understand the mask and when to open the mouth to spit.
Source: WSJ - 🏆 98. / 63 Read more »