U.S. futures mixed as more signs of inflation fuel rate fears
The S&P 500 was 0.3% lower in early trading and on track for a third straight fall. The Nasdaq composite was also down, 0.6% lower, as another rise in yields in the bond market added more pressure on technology and high-growth stocks in particular.
While that's good news for workers and the overall economy in the near term because it indicates layoffs are low across the country, the fear is that a too-strong jobs market could add upward pressure to inflation. It's the latest piece of data to show that the overall economy, as well as inflation, are staying stronger and higher than expected.
The swing has been clear in the bond market, where Treasury yields have shot higher. The yield on the 10-year Treasury rose to 4.06% from 4.00% late Wednesday and from less than 3.40% earlier this year. It helps set rates for mortgages and other loans that shape the economy, and it's near its highest level since November.
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.
Market movers: Stocks seeing action on Thursday - and whyA look at North American equities heading in both directions
Lire la suite »
Wall Street titans confront ESG backlash as new financial riskA dozen big U.S. financial companies added language to annual reports cautioning that pressures such as ‘divergent views’ or ‘competing demands’ on ESG investing could hurt financial performance
Lire la suite »
Kevin Stanfield's forecast: A warm Thursday for CalgaryFirefighters were called to a home in Highland Park for a deep-seeded blaze that caused thick smoke.
Lire la suite »
ALLISTER AALDERS: Snow targets parts of the Maritimes late Thursday into Friday | SaltWireWhile a parade of weather systems has hit Atlantic Canada over the past week, only some provinces were affected by each passing system. However, the next ...
Lire la suite »
ALLISTER AALDERS: Snow targets parts of the Maritimes late Thursday into Friday | SaltWireA developing low-pressure system is set to brush the Maritimes with some snow late Thursday into Friday. SaltWire weather specialist Allister Aalders has details on the timing of the system and how much snow to expect where you are.
Lire la suite »
Sudbury Five looking to tame the Lightning on ThursdaySudbury will be looking to extend its current six-game winning streak
Lire la suite »