US stocks close mixed session on tech sell-off
The Nasdaq Composite fell for the second-straight day as higher interest rates spook tech investors
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The Nasdaq Composite fell for the second-straight day as higher interest rates spook tech investors
The Nasdaq Composite fell for the second-straight day as higher interest rates spook tech investors
Written by Jim WelshMacro Tides Weekly Technical Review 09 August 2021
CORRECTED-EMERGING MARKETS-FX, stocks drop on inflation anxiety ahead of U.S. data Reuters 2 hrs ago Popular Searches * EM stocks index weighed down by Asian heavyweights * Israeli shekel down as Gaza violence intensifies By Shashank Nayar May 12 (Reuters) - Emerging market currencies and stocks suffered on Wednesday as fears over rising price pressures fuelled bets on earlier interest rate hikes and underpinned the dollar and global yields ahead of U.S. inflation data. MSCI's index of emerging market currencies slipped 0.2%, falling for a second consecutive session, while stocks fell 0.6% ...
Rates Reacted to Jobs Report, But Not Like You'd Expect May 7 2021, 7:32PM Once a month, the government releases the Employment Situation, also known as "the jobs report." No other piece of economic data is as consistently relevant for the bond market and, thus, interest rates. For most of the past year, the normal correlation between jobs and rates was on hold. That makes sense, of course. Initial lockdowns completely obliterated the labor market and we've been waiting to see how it would recover and how it would be reshaped ever since. In the past 1-2 mo...