by Tyler Durden
Tuesday, Apr 06, 2021 - 07:48 AM
Global stocks hit record highs on Tuesday, supported by strong economic data from China and the United States, although US equity futures slipped as concern China is curtailing loan growth tempered optimism stoked by the U.S. economic rebound. Nasdaq underperformed as investors locked in some gains on renewed reflation concerns hopes while currency and bond markets paused for breath after a month of rapid gains in the dollar and Treasury yields. At 715 a.m. ET, Dow E-minis were down 41 points, or 0.11%, S&P 500 E-minis were down 8 points, or 0.20% and Nasdaq 100 E-minis were down 11.5 points, or 0.23%.
Stocks Decline in Slowest Trading Day of This Year: Markets Wrap
Bloomberg 1 hr ago Rita Nazareth and Lu Wang
(Bloomberg) Stocks dropped in the slowest trading day of 2021 after a rally that drove the equity market to all-time highs. Treasuries climbed.
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Volume on U.S. exchanges slipped below 10 billion shares for the first time this year. Tech companies led losses in the S&P 500 on Tuesday, offsetting gains in retailers. The Dow Jones Industrial Average and the Nasdaq 100 also retreated. Stocks tied to the Archegos Capital Management blowup ended the session higher as investors brushed news that Credit Suisse Group AG unloaded more than $2 billion of the shares in the latest block trades stemming from the liquidation of Bill Hwang’s fund.
Stocks fluctuate after rally to record; bonds rise 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.
Asia Stocks Set for Steady Open; Treasuries Rose: Markets Wrap
Bloomberg 39 mins ago Andreea Papuc
(Bloomberg) Asia stocks are headed for a calm open as a global rally that drove stocks to all-time highs paused. Treasuries climbed.
Futures edged lower in Japan and were little changed in Australia. U.S. futures were steady after technology companies led a modest decline in the S&P 500 Index on Tuesday, offsetting gains in retailers. The Dow Jones Industrial Average and the Nasdaq 100 also retreated in low activity. Volume on U.S. exchanges slipped below 10 billion shares for the first time this year.
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