Market on slight rebound, recap bond & stocks
U.S. stock futures fell Thursday as concerns over growth!
Inflation and central-bank policy continued to drive market volatility
Tweet on the market recap, Thursday
Market Recap:
U.S. stock futures fell Thursday as concerns over growth, inflation & FED's policy continued to drive market volatility
S&P 500 futures declined.
Dow and Nasdaq-100 fell 0.4% to 0.9%. U.S. indexes had staged strong rallies, via @WSJ https://t.co/Altl1wUXKz— The_Journalbiz (@the_journalbiz) September 29, 2022
U.S. futures declined. Futures for the S&P 500, Dow industrials and Nasdaq-100 fell 0.4% to 0.9%.
U.S. indexes had staged strong rallies on Wednesday, as Government bonds sold off around the world, reversing some of Wednesday’s gains.
The yield on a 10-year U.K. bond rose to 4.167% from 4.026% a day ago. The Bank of England launched an emergency intervention on Wednesday to restore order in U.K. bond markets.
The 10-year U.S. Treasury yield rose to 3.816% after its biggest daily slide since 2009 on Wednesday.
Porsche AG’s shares opened higher, rising more than 3% in their first day of trading in one of Europe’s biggest initial public offerings.
Asian stocks mostly fell. The Hang Seng Index fell 0.5% as two new listings stumbled in their Hong Kong trading debuts.
