Thursday, 25 Mar 2021 11:54 PM MYT
Ten of the 11 S&P sectors fell in early trading with energy, industrials and financials stocks, which recently came into favour on recovery hopes, declining the most. In testimonies to Congress this week, Federal Reserve Chair Jerome Powell expressed optimism about a strong US economic rebound, while Treasury Secretary Janet Yellen said future tax hikes will be needed to pay for public investments.
“Does it want to focus on stimulus, increased vaccinations and re-opening economies or on potential taxes, increased regulation potentially in certain sectors, extremely high spending and inflation.”
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