Dow seen opening down 230 points as Treasury yields hold near highs of the year and traders eye speeches by Presidents Biden and Putin.
U.S. stock futures on Tuesday were pointing to a poor start to the holiday-shortened week as rising bond yields and geopolitical tensions weigh on sentiment.
What’s driving markets U.S.... U.S. stock futures on Tuesday were pointing to a poor start to the holiday-shortened week as rising bond yields and geopolitical tensions weigh on sentiment. “So far, risky assets have digested the rates repricing well – while the broad ‘risk-on’ rally has slowed to a crawl, the higher terminal rates have not moved through assets like a wrecking ball as some had assumed,” said Stephen Innes, managing partner at SPI Asset Management.
Such caution was matched by Jonathan Krinsky, chief technical strategist at BTIG, who noticed that the latest rally had nevertheless begun to fade.
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