GMBStaff
9 Jan 24
Stock index futures were lower on Tuesday, following a surge in growth stocks at the start of the week. S&P futures were down 0.2%, Dow futures slipped 0.2%, and Nasdaq 100 futures decreased by 0.3%. The previous day's market activity was driven by renewed optimism in tech, while falling commodity p...
Stock index futures were lower on Tuesday, following a surge in growth stocks at the start of the week. S&P futures were down 0.2%, Dow futures slipped 0.2%, and Nasdaq 100 futures decreased by 0.3%. The previous day's market activity was driven by renewed optimism in tech, while falling commodity prices and positive data releases also contributed to overall sentiment. Deutsche Bank's Jim Reid highlighted the positive data from the New York Fed's Survey of Consumer Expectations, which showed declining inflation expectations across various timeframes. This data may have bolstered hopes for a soft economic landing. Additionally, the 10-year Treasury yield increased by 4 basis points to 4.04%, while the 2-year yield rose by 3 basis points to 4.37%. These movements in Treasury yields may reflect evolving market expectations and economic outlooks as investors prepare for upcoming events, such as the US CPI report on Thursday.
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