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Stock futures rise as Wall Street appears to shake off Big Tech slides

In early Tuesday trading, US stock futures rose after tech stocks plunged and the week began.

Futures related to the Dow Jones Industrial Average rose 103 points. Those on the S & P 500 and Nasdaq 100 were also traded in the positive territory.

Futures movements will come after the Monday session marked by Significant differences in market sectors..Technology is heavy Nasdaq Composite Index The Dow rose 27 points, but fell 2.5%. Travel stocks, including airlines and cruise ships, surged across the board, Apple And Tesla I declined.

The broad market fell as the S & P 500 fell 0.7% in the fifth negative session.The decline is US Treasury yields have risen again, Reflects the fall in bond prices. The Treasury yield for 10 years was trading above 1.36% on Monday after starting the year below 1%.

“The higher the Treasury yields, the more investors will skyrocket from high tech stocks to Russell 2000 Index and Dow Jones Industrial Stock Average stocks,” said Edward Moya, senior market analyst at OANDA.

The bond market on Tuesday will continue to be an important debate. Federal Reserve Board Chair Jerome Powell Launches Two-Day Parliamentary Hearing.. The central bank has categorically insisted that the Fed is not considering raising benchmark rates, but Powell’s comments are closely watched for possible insights into the economic inflation outlook.

Inflation concerns have increased in recent weeks as policymakers discuss another round of financial remedy as Covid cases decline in vaccine deployments.America Over 500,000 deaths from the virus on Monday, According to Johns Hopkins University.

Investors will also get new data on consumer confidence and home prices on Tuesday.Retail company Home Depot And Macy’s Report earnings before the opening bell.

Stock futures rise as Wall Street appears to shake off Big Tech slides

Source link Stock futures rise as Wall Street appears to shake off Big Tech slides

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