U.S. stocks looked set to weaken after the opening bell, putting a dent in a rally that has seen indexes power higher despite doubts about the health of the global economy., in a well-telegraphed move as Beijing attempts to revive its flagging economic rebound.
The 0.1 percentage-point cut to one of the rates, the five-year loan prime rate, to 4.2% was less than many investors were expecting.S&P 500 futures declined 0.2% while futures tied to the Dow Jones Industrial Average and the technology-heavy Nasdaq-100 weakened 0.3%.The yield on the benchmark 10-year Treasury note rose to 3.782%, from 3.768% Friday. U.S. markets were closed Monday for theIn Asia, indexes slipped following the Chinese central bank’s move. The Shanghai Composite index fell 0.
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:
Malaysia Malaysia Latest News, Malaysia Malaysia Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Stock market today: Asia follows Wall St lower as US, Chinese foreign ministers meetAsian stock markets followed Wall Street lower Monday after the top U.S. and Chinese diplomats agreed to cooperate during a meeting held at a time of friction over an array of conflicts.
Source: wjxt4 - 🏆 246. / 63 Read more »
Is the stock market closed on Juneteenth?Here's what the Juneteenth holiday on Monday means for U.S. stock-market trading hours.
Source: MarketWatch - 🏆 3. / 97 Read more »
Asian Stock Market: China fears, downbeat S&P500 Futures prod bulls on Juneteenth holidayAsian Stock Market: China fears, downbeat S&P500 Futures prod bulls on Juneteenth holiday – by anilpanchal7 Asia Equities China RiskAversion CentralBanks
Source: FXStreetNews - 🏆 14. / 72 Read more »
Stock-Market Rally Costs Bears $120 BillionInvestors have been ramping up bets against stocks—and they are getting burned.
Source: WSJ - 🏆 98. / 63 Read more »
USA Today recognizes San Antonio's Pearl for its farmer's market and food hallDaily voting for either category is open now and ends on Monday, July 3. SanAntonio SATX SanAntonioTX SanAntonioFood SanAntonioRestaurants ThingsToDoInSanAntonio
Source: SAcurrent - 🏆 607. / 51 Read more »
Homebuilders are liking today’s housing marketThe newfound enthusiasm reflects that robust foot traffic from homebuyers, little competition from the resale side, and an improved supply chain have together helped tip the housing market in builders' favor.
Source: YahooNews - 🏆 380. / 59 Read more »