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Stocks to Open Steady in Asia; Dollar Mixed: Markets Wrap

Stocks to Open Steady in Asia; Dollar Mixed: Markets Wrap
yahoo.com - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from yahoo.com Daily Mail and Mail on Sunday newspapers.

European stocks, futures rebound after tech drop

European stocks, futures rebound after tech drop
bnnbloomberg.ca - get the latest breaking news, showbiz & celebrity photos, sport news & rumours, viral videos and top stories from bnnbloomberg.ca Daily Mail and Mail on Sunday newspapers.

US equity futures, dollar steady after tech drop: markets wrap

MONEYWEB app instead? Copper traded around $10 000 a ton and oil topped $66 a barrel. By Andreea Papuc, Bloomberg 5 May 2021  08:56  Image: Behrouz Mehri/AFP/Getty Images US equity futures edged up and Asian stocks were mixed Wednesday after markets dipped overnight on a technology selloff and Treasury Secretary Janet Yellen’s comments on interest rates. The dollar held gains. S&P 500 contracts rose after a climb in the commodity, financial and industrial sectors helped the gauge pare losses. Nasdaq 100 futures steadied following a weaker close for the index amid declines in Apple Inc., Tesla Inc. and Amazon.com Inc. European futures advanced. Australian shares rose and Hong Kong dropped. A number of key Asian markets were shut for holidays.

Tech leads rebound in U S futures; oil advances

Tech leads stock losses as vaccine makers decline Rita Nazareth, Bloomberg News VIDEO SIGN OUT Stocks pared gains into the close as a drop in tech companies tempered earlier optimism about solid corporate earnings and economic data. The S&P 500 was little changed and the Nasdaq 100 erased its advance. Moderna and Johnson & Johnson retreated, while Pfizer ended the session unchanged on news the U.S. will support a proposal to waive intellectual-property protections for COVID-19 shots. Peloton tumbled after recalling its treadmill products. Copper and lumber climbed, adding to inflation worries. As the world’s largest economy rebounds, an intense debate has emerged over whether actual price pressures are set to materialize. The five-year breakeven rate a proxy for the annual inflation rate bond traders expect over the span touched the highest since 2008. Despite the increase in commodity prices and supply shortages, several Fed officials said Wednesday tha

U S Futures, Asian Stocks Steady After Tech Drop: Markets Wrap

May 06 2021, 12:05 PM May 05 2021, 3:19 AM May 06 2021, 12:05 PM (Bloomberg) Stocks almost wiped out their gains as technology shares turned lower, offsetting optimism over solid corporate earnings and economic reports. Treasuries climbed. (Bloomberg) Stocks almost wiped out their gains as technology shares turned lower, offsetting optimism over solid corporate earnings and economic reports. Treasuries climbed. The S&P 500 notched an advance of less than 0.1% while the Nasdaq 100 ended in the red. The Dow Jones Industrial Average rose to a fresh record. Moderna and Johnson & Johnson retreated, while Pfizer finished little changed on news the U.S. will support a proposal to waive intellectual-property protections for Covid-19 shots. Peloton tumbled after recalling its treadmill products. Copper and lumber rallied, adding to inflation worries.

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