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mmayr

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Friday, 03/12/2021 9:02:34 AM

Friday, March 12, 2021 9:02:34 AM

Post# of 41167
Nasdaq Futures Tumble As 10Y Yield Blows Out Over 1.60%

Nasdaq futures fell as much as 2% on Friday after rebounding more than 6% in the past three sessions, after a new spike in U.S. bond yields restarted inflation fears and sent investors scurrying to the perceived safety of the dollar, while hammering global stocks. A Bloomberg report that Beijing is expanding a crackdown on Tencent Holdings also weighed on the technology sector. S&P 500 futures were also dragged down after ending at record closing highs, and we last trading just above 3,910, down 16 points, or 0.4%, while Dow E-minis were up 12 points.

Source: https://www.zerohedge.com/markets/nasdaq-futures-tumble-10y-yield-blows-out-over-160

Economics by Following the Money ~ Globally & Nationally on Twitter @Conan644

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