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Wall Street Futures Mixed As Recovery Boom Tests Tech Bulls

Tuesday Market Minutes

  • Global equities are mixed as Asian holidays dilute regional trade, and Europe is looking for directions as vaccine deployments accelerate, with travel restrictions relaxed in the coming months.
  • Meanwhile, the US market holds the key to economic recovery. This suggests that the Federal Reserve Bank of Atlanta’s GDP Now forecasting tool could surge 13.2% this quarter.
  • Oil prices will skyrocket as fuel demand accelerates as the state reopens, with plans announced later this month by New York, New Jersey and Connecticut.
  • Benchmark 10-year bond yields are high at 1.62%, well below the 15-month high of 1.77% recorded in mid-April.
  • This week, about 139 S & P 500 companies, including Moderna, General Motors and PayPal, will report. Revenues for the March quarter are expected to increase 46.3% from last year to $ 396.2 billion.
  • According to CDC data, 105.5 million Americans have been fully vaccinated against the coronavirus, with approximately 246.7 million vaccinations as of Monday.
  • U.S. Equity Futures Suggests Softening Opening on Wall Street Prior to Earnings from Pfizer, CVS Health, T-Mobile, Under Armor, and April Durable Goods Eastern Standard Time 8:30 AM I will.

Wall Street futures fell on Tuesday, but investors see further signs of rapid growth in the U.S. economy that could extend ongoing rotation to higher-yielding equities during the coronavirus pandemic decline. As we turned our attention, the dollar rose and tech stocks fell.



Wall Street Futures Mixed As Recovery Boom Tests Tech Bulls Source link Wall Street Futures Mixed As Recovery Boom Tests Tech Bulls

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