U.S. stock index times marked a mixed start for the week on Monday, following a loss for the three key criteria last week as investors measured clear economic expectations against concerns that interest rates will be flat. climbing faster than expected.
Investors will be on the lookout for comments from a parade of Federal Reserve speakers, including comments from Chairman Jerome Powell later in the morning.
How do stock criteria perform?
-
The future for the Dow Jones YM00 business average,
-0.03% YMM21,
-0.03%
they were off 48 points at 32,455, a decline of 0.2%. -
S&P 500 futures ES00,
+ 0.24% ESM21,
+ 0.24%
added 3.70 points, or less than 0.1%, to reach 3,903.75. -
Nasdaq-100 NQ00 futures,
+ 0.87% NQM21,
+ 0.87%
advanced 103.75 points to reach 12,948.25, a gain of 0.8%.
On Friday, the Dow DJIA,
enter a weekly decline of 0.5%, the S&P 500 SPX,
and the Nasdaq Composite Index COMP,
both slipped 0.8%.
What drives the market?
Equality markets were set at levels, with little withdrawal from the Treasury’s 10-year TMUBMUSD10Y yield,
to kick off the last full week of trading in March in helping boost technology-related stocks, which were big winners among COVID-19 pandemics but are has been under pressure recently as output has gone up.
10-year Treasury yields were around 1.68%, down from 1.729% on Friday.
Investors have been tired of the prospect of buying stocks as fiscal stimulus, state reopening and the spread of vaccines are likely to lead to a major boost to the economy and higher interest rates, as bond prices falls pushing yields higher and producing speculative and high growth assets. look not so strong.
“Look out for additional gains for U.S. output, as this could adversely affect the lower-yielding growth stocks and buc denominated metals in the coming weeks,” wrote Fawad Razaqzada, market analyst at ThinkMarkets, in a note Monday.
“However, a reversal of output should provide a positive backdrop for these markets,” said the analyst.
The slump came last week for key criteria after the Federal Reserve revealed they were hitting a dovish tone at their policy meeting on Wednesday but bond yields rose in line with expectations for a rebound. economic and inflation this year.
Markets have also been complaining about the central bank’s decision to undergo a one-year reversal that had reduced capital requirements for big banks. Those frustrated investors, who were hoping to expand, are raising concerns that a desire for lower bond prices could put further pressure on yields, if banks of funds like Treasurys are unable to recover. excluded from their formative supplementary ratios.
Market participants may get another chance to hear from Fed Chairman Jerome Powell at 9 a.m. Eastern Time when he speaks at an event hosted by the Bank for International Settlements on innovation in the digital age.
In relation to public health, AstaZeneca
AZN,
said Monday its COVID-19 vaccine has been shown to be safe and 79% effective in preventing symbolic disease in U.S. end-stage clinical trials. The U.S. lawsuit has shown that there was no increased chance of bleeding, which led to a stoppage of vaccination in parts of Europe.
Looking ahead, investors are awaiting data on existing home sales at 10 ET.
Which stocks are in focus?
-
Canadian Pacific Railway Limited.
CP,
-1.37%
offering to buy South Kansas City
KSU,
+ 0.38%
in a $ 25 billion contract. -
Tesla Inc.. TSLA,
+ 0.26%
Bull Cathie Wood of Ark Investment released a new four-year target from the electric vehicle maker of $ 3,000 a share.