S&P 500 gains 1% as tech shares rally, Treasury yields fall
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U S yields slip on doubts over how fast economy can roar
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Tax Day, Bill Gates appearance and Walmart, Target earnings top week ahead
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It will also be a busy week for the Biden administration, as the president is set to visit Ford s Rogue Electric Vehicle center on Tuesday and meet with South Korea s president Moon Jae-in on Friday. This as Commerce Secretary Gina Raimondo will also meet with auto industry leaders regarding the ongoing semiconductor shortage.
U.S. stocks rallied Friday but still posted a down week even as investors celebrated the Centers for Disease Control and Prevention s latest easing of COVID-19 mask restrictions and shrugged off the biggest annual increase in producer prices on record.
Wall Street Set To Open Lower
BRUSSELS/FRANKFURT/PARIS (dpa-AFX) - Initial cues from the U.S. Futures Index suggest that Wall Street might open lower.
Asian shares finished lower, while European shares are trading mostly lower.
Trading on Wednesday might be impacted by reaction to a report on Consumer Prices in the month of April.
As of 7.30 am ET, the Dow futures were down 105.00 points, the S&P 500 futures were sliding 15.00 points and the Nasdaq 100 futures were losing 81.50 points.
The U.S. major indices finished lower on Tuesday. The tech-heavy Nasdaq closed down just 12.43 points or 0.1 percent at 13,389.43. Meanwhile, the Dow tumbled 473.66 points or 1.4 percent to 34,269.16 and the S&P 500 slid 36.33 points or 0.9 percent to 4,152.10.