Markets today: Tech storms back after rout with earnings in focus

  • 📰 BNNBloomberg
  • ⏱ Reading Time:
  • 44 sec. here
  • 44 min. at publisher
  • 📊 Quality Score:
  • News: 168%
  • Publisher: 50%

Asia Noticias

Pacific Rim,Top Asia,Pacific Rim

Stocks rebounded after their worst week since April as investors looked beyond Joe Biden ending his re-election campaign to focus on the start of the tech earnings season.

BNN Bloomberg's Jon Erlichman looks at how North American markets are shaping up for the trading day.

Sky-high valuations and seasonal weakness have incited some pullback warnings, with traders also facing political uncertainties. Yet the market reaction to Biden’s decision to quit the race and endorse Kamala Harris has so far been fairly muted, with the U.S. dollar little changed and Treasuries marginally higher.

Treasury 10-year yields slid two basis points to 4.22 per cent. Investors will also be focused this week on U.S. economy readings, especially the U.S. Federal Reserve’s preferred inflation gauge for clues on whether the central bank will be able to slash rates in September. Hedge funds aggressively cut risk across their long and short books and at the fastest pace since January 2021, according to a note by Goldman Sachs Group Inc.’s prime brokerage desk. The move came amid last week’s market rotation into small caps and increased volatility.

 

Gracias por tu comentario. Tu comentario será publicado después de ser revisado.
Hemos resumido esta noticia para que puedas leerla rápidamente. Si estás interesado en la noticia, puedes leer el texto completo aquí. Leer más:

 /  🏆 83. in MX

México Últimas Noticias, México Titulares

Similar News:También puedes leer noticias similares a ésta que hemos recopilado de otras fuentes de noticias.

Markets today: tech lifts U.S. stocks as FedEx up in late hoursA rally in the world’s largest technology companies lifted stocks, with Nvidia Corp. climbing 7 per cent after a US$430 billion selloff.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Markets today: Tech megacaps lift stocks after Nvidia’s selloffA rally in the world’s largest technology companies lifted stocks, with traders also wading through economic data and remarks from Federal Reserve speakers for clues on the outlook for rates.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Markets today: tech hits U.S. stocks as Nvidia extends selloff to 13%Stocks lost traction as an about US$400 billion plunge in Nvidia Corp. raised speculation that the rally in the industry that has powered the bull market was due for a breather.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

Markets today: Stocks struggle as tech outages hit businessesGlobal equities struggled on Friday as worldwide computer systems outages hit travel, trading and banking services, threatening to exacerbate a pullback in technology stocks.
Fuente: BNNBloomberg - 🏆 83. / 50 Leer más »

S&P/TSX composite closes up as energy and tech stocks rise, outpacing U.S. marketsCanada's main stock index closed up on Thursday, buoyed by strength in the energy and technology sectors, while U.S. stock markets notched muted gains.
Fuente: GlobalCalgary - 🏆 50. / 61 Leer más »

S&P/TSX composite closes up as energy and tech stocks rise, outpacing U.S. marketsCanada's main stock index closed up on Thursday, buoyed by strength in the energy and technology sectors, while U.S. stock markets notched muted gains. The S&P/TSX composite index climbed 148.26 points to 21,942.16.
Fuente: SooToday - 🏆 8. / 85 Leer más »