S&P 500 futures recovered from session lows but the recent summer stock surge was still looking fragile on Tuesday.
U.S. stock futures were struggling to rebound, leaving Wall Street in danger of a third consecutive day of losses, as higher bond yields and a rampant dollar reflected resurgent fears of Fed rate hikes.
What’s driving markets The recent summer stock surge was still looking fragile on Tuesday. After rallying more than 17% from its mid-June low on hopes the Federal Reserve may slow its tightening cycle, the S&P 500 has struggled to maintain its advance over the past several sessions. Ipek Ozkardeskaya, senior analyst at Swissquote Bank, noted that ahead of the Fed’s Jackson Hole symposium starting on Thursday, investors had become more wary that Chairman Jay Powell will seek to cement his hawkish stance.
Such moves, alongside rises in overnight and short-duration bond rates are also boosting the dollar index DXY , which is again flirting with 20-year highs. This was putting further pressure on stocks because it makes U.S. goods and services less competitive abroad and diminishes companies’ repatriated earnings.
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.
Kansas City Royals host naturalization ceremony for 500 new citizensClick here for updates on this story
Lire la suite »
S&P 500 Continues to Retreat as Traders Await Jackson Hole SymposiumS&P 500 on track for worst session since June 28. Tech leads declines as US Treasury yields soar. Fed Chair Powell slated to speak Friday after PCE data.
Lire la suite »
Rapper Money Man hosts giveaway, giving out more than 500 shoes to kidsHundreds of kids in the Houston area will be heading to school in style thanks to multi-platinum artist and entrepreneur Money Man.
Lire la suite »
SHIB Keeps Being Actively Used by 500 Largest Ethereum Holders.Shibtoken (SHIB) becomes one of the most used smart contracts for top 500 ETH whales shibainu shibarmy shibarium shibaeternity $shib
Lire la suite »
S&P 500 Price Update: US Equities Sell-off Ahead of Jackson hole, PCE DataAt the start of the week we have seen some risk aversion as German and US equity indices turn lower, continuing the decline from last week. Get your market update from RichardSnowFX here:
Lire la suite »
500 South Side students get free haircuts, school supplies before returning to CPS classrooms500 South Side CPS students are getting free haircuts, school supplies and gift cards before going back to school.
Lire la suite »