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