Stocks Drop From Record Highs; Yields Edge Higher: Markets Wrap
Bloomberg 5 days ago Vildana Hajric and Claire Ballentine
(Bloomberg) U.S. stocks slipped from record highs while investors weighed the start of corporate earnings season and an influx of bond supply that loom as speedbumps to a roaring rally.
Intel Corp. led tech shares lower after Nvidia Corp. said it’s offering the company’s first server microprocessors, extending a push into Intel’s most lucrative market. The S&P 500 dipped into negative territory in the wake of a third straight week of gains for the benchmark index. In Europe, the Stoxx Europe 600 Index weakened.
(Bloomberg) Asian stocks slipped Monday as investors weighed the latest upbeat economic assessment from Federal Reserve Chair Jerome Powell against persistent risks from the pandemic. The dollar ticked up. Shares in China and Hong Kong underperformed, even as Alibaba Group Holding Ltd. rallied after the weekend imposition of a record antitrust fine removed a key uncertainty. U.S. equity futures retreated after a third straight week of gains for the S&P 500 Index, with investors bracing for earnings reports this week. The yield on 10-year Treasuries held Friday’s advance on stronger-than-expected producer-price inflation data and ahead of a heavy week of supply. China Led The Recovery Trade; Now Almost Everyone Is Cautious While the economic recovery is accelerating, policy makers say more progress is needed before they consider withdrawing exceptional support. Traders’ concerns that this stimulus will boost inflation have already weighed on bonds, driving yields higher. And price
Stocks Retreat After S&P 500 Record; Yields Steady: Markets Wrap
Bloomberg 2 mins ago Emily Barrett
(Bloomberg) Futures followed stocks lower Monday as investors braced for a flood of earnings amid doubts about an uneven economic recovery.
U.S. equity futures slipped across the board following a third straight week of gains and fresh records for the S&P 500 Index. In Europe, retailers and travel companies led declines on the Stoxx Europe 600 Index.
The yield on 10-year Treasuries steadied before a round of auctions that will be widely watched for their potential to extend the rate surge that’s shaken stocks to commodities to emerging markets this year. The U.S. sells three-, 10- and 30-year Treasuries at the start of the week.
by Tyler Durden
Monday, Apr 12, 2021 - 07:50 AM
Global stock markets and US equity index futures dipped modestly with shares in Europe and Asia as traders weighed inflation risks, an uneven global recovery and the latest upbeat economic outlook from Washington. After sprinting to close at an all time high on optimism that vaccination programs and the easing of lockdowns to combat COVID-19 would bode well for an economic rebound, S&P 500 futures were cautious to start the new week as investors waited to see whether U.S. earnings would justify sky-high valuations, while a rally in bonds could be tested by what should be strong readings for U.S. inflation and another round of blockbuster retail sales this week.
U.S. stocks dropped from record highs while investors weighed the start of corporate earnings season and an influx of bond supply that loom as speedbumps to a roaring rally.