US stocks dip amid inflation angst
The yield on the 10-year US Treasury note pushed closer to 1.5 per cent amid worries that hefty US fiscal spending in a recovering economy will spark inflation. That means “the market will have to muster its inner strength to feel the buy-the-dip force without relying on Powell to discover that force,” said Briefing.com analyst Patrick O’Hare.
The broad-based S&P 500 slipped 0.2 per cent to 3,919.02, while the tech-rich Nasdaq Composite Index shed 0.1 per cent to 13,579.05.
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: