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Dow Futures Higher as Treasury Yields Retreat; Meme Stocks Steady

Friday Market Minutes

  • After yesterday’s inflation surprise and ECB rate conference, global equities have risen and the S & P 500 is poised to reach a new record peak as Treasury yields recede.
  • Senators have agreed to a $ 1.2 trillion infrastructure bill blueprint, and the report suggests that new spending of just under $ 580 billion has spread over eight years.
  • Benchmark 10-year bond yields fall to 1.43% during the Treasury’s largest weekly withdrawal over a year. The dollar index is strong at 90.183.
  • According to CDC data, 141.6 million Americans have been fully vaccinated against the coronavirus, with approximately 305.7 million vaccinations as of Thursday.
  • US equity futures suggest a mixed open, following faster-than-expected inflation data in May and a decline in weekly unemployment claims.

US stock futures rose on Friday, deepening the S & P 500 into record territory as investors looked at the fastest inflation surge in 13 years to focus on the world’s largest economic recovery outlook.



Dow Futures Higher as Treasury Yields Retreat; Meme Stocks Steady Source link Dow Futures Higher as Treasury Yields Retreat; Meme Stocks Steady

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