Sunday, April 14, 2024
HomeTrading RoomOn Monday, Dow Futures Lost 200 Points as the 10-Year Treasury Yield...

On Monday, Dow Futures Lost 200 Points as the 10-Year Treasury Yield Surpassed 5%

The announcement of corporate profits from major players in the tech industry was anticipated by traders, and stock futures declined as Treasury yields increased.

143 points, or 0.4%, were lost by futures linked to the Dow Jones Industrial Average. Futures for the S&P 500 and Nasdaq 100 each experienced a 0.4% loss.

The benchmark yield on the 10-year Treasury note increased by almost 9 basis points, returning it to the crucial 5% level. The 30-year bond’s yield increased along with the rate on the 2-year note.

The increase occurs as market participants predict what the Federal Reserve’s upcoming monetary policy decision will be. Inflation, according to Fed Chair Jerome Powell, is still too high, and slower economic growth will probably be required to relieve pressures, he stated last week.

The past week was challenging for Wall Street. The S&P 500 recorded its first negative week in three at the end of the week, falling 2.4%. The Nasdaq Composite saw its second straight losing week while the Dow Jones Industrial Average lost 1.6%.

This week marks the start of the earnings season, with many major IT giants expected to report. Investors will be looking for information from Alphabet, Amazon, Meta, and Microsoft that will be crucial for the stock market.

Source (CNBC)

- Advertisment -

Most Popular

Google IT Support Professional Certificate

Google Cybersecurity Professional Certificate

Learn to Create a Budget Using a Spreadsheet

Free Certified in Cybersecurity Courses

Recent Comments