The S&P 500 and the Nasdaq made a slight recovery on Friday as Treasury yields retreated from multi-year highs, while shares of Ford jumped on news of progress in labor talks with workers' union.
"I don't think that the markets have fully thought through the economic impact of higher rates," said Jason Pride, chief of investment strategy and research at Glenmede in Philadelphia.
"Higher rates mean higher cost of borrowing for everybody and should affect the marginal decisions to spend or grow businesses or employ people which should have a negative impact on the economy." Traders' bets on the benchmark rate remaining unchanged in November and December stood at 73% and 58%, respectively, according to CME's FedWatch tool.in September, with the vast services sector essentially idling at the slowest pace since February.
Several Fed policymakers, including policy voting member Minneapolis President Neel Kashkari, are set to speak during the day.
France Dernières Nouvelles, France Actualités
Similar News:Vous pouvez également lire des articles d'actualité similaires à celui-ci que nous avons collectés auprès d'autres sources d'information.
US Indices Risk Support Test After Hawkish Fed: S&P 500, Nasdaq Price ActionThe S&P 500 and the Nasdaq 100 index look set to test support that could define the trend for the coming weeks after the Fed stuck with the hawkish script. What is the outlook and the key levels to watch?
Lire la suite »
US Indices Ahead of Fed Rate Decision: Dow, S&P 500, Nasdaq Price SetupsUS indices have settled in a range recently. Does it mean the uptrend has ended? What is the outlook and the key levels to watch in the S&P 500, the Nasdaq 100 index, and the Dow Jones Industrial Average?
Lire la suite »
S&P 500 to Test Support, Russell 2000 to Break Below; Nasdaq Bottoms: What's Next?Stocks Analysis by Declan Fallon covering: S&P 500, US Small Cap 2000, iShares Core S&P 500 ETF, SPDR® S&P 500. Read Declan Fallon's latest article on Investing.com
Lire la suite »
S&P 500 slips as Treasury yields rebound after Fed delivers hawkish pause By Investing.comS&P 500 slips as Treasury yields rebound after Fed delivers hawkish pause
Lire la suite »
S&P 500 futures slide as hawkish Fed pushes Treasury yields to fresh 16-year highsU.S. stock futures extended losses early Thursday after higher-for-longer Fed pushes bond yields to fresh 16-year peaks.
Lire la suite »
U.S. stocks finish lower, S&P 500 drops third straight day as Treasury yields jumpU.S. stocks closed lower Thursday, with the S&P 500 falling for a third straight day as long-term Treasury yields jumped amid worries the Federal Reserve...
Lire la suite »