16 C
Munich
Saturday, July 31, 2021

Dow Futures Drop, Bond Yields Skid Lower

Must read

Is a Four-Day Week the Future of Work?

Kickstarter Chief Executive Aziz Hasan had to embrace remote work during the initial stage of...

Toronto Blue Jays celebrate return to Rogers Centre with 6-4 win over Kansas City Royals

TORONTO — Teoscar Hernandez and Bo Bichette homered to help the Blue Jays celebrate their first game in Toronto in 670 days with a...

Simone Biles drops out of 2 more gymnastics finals at Tokyo Olympics – National

U.S. superstar gymnast Simone Biles has withdrawn from two more events at the Tokyo Olympics, leaving her future participation in the rest of the...

Canada’s Kylie Masse wins silver in women’s 200-metre backstroke at Tokyo Olympics – National

Canada’s Kylie Masse won her second silver medal of the Tokyo Olympics in the women’s 200-metre backstroke Saturday. Masse led for most of the race,...

Stock futures point to the Dow shedding over 450 points Thursday while Treasury yields sank for a fourth day as investors unwound bets on a spell of high growth and inflation.

Futures on the S&P 500 dropped 1.2%, suggesting the broad stock-market gauge will pull back at the opening bell a day after it closed at an all-time high. Contracts for the technology-heavy Nasdaq-100 retreated roughly 1.2%.

Stocks have powered to a series of record highs this year, but some investors have grown concerned about the outlook for the economy on signs that labor shortages and supply-chain bottlenecks may crimp the pace of recovery. The spread of the highly contagious delta variant of coronavirus globally is adding to worries. Investors also are gearing up for a spell of potentially volatile summer trading, when trading desks tend to be lightly staffed.

“There is a bit of a recognition that things aren’t looking as economically positive as they were in mid-June when everything seemed to be hitting that Goldilocks middle ground,” said Edward Park, chief investment officer at Brooks Macdonald. “Delta, or the next delta, will be a recurring risk in markets,” Mr. Park said, adding that surveys of U.S. activity had fallen short of expectations in recent days.

In a sign of jitters among investors about the virus, sectors that are dependent on a speedy economic expansion, like energy producers and banks, have lagged behind shares of fast-growing tech companies in recent weeks.

More articles

LEAVE A REPLY

Please enter your comment!
Please enter your name here

Latest article

Is a Four-Day Week the Future of Work?

Kickstarter Chief Executive Aziz Hasan had to embrace remote work during the initial stage of...

Toronto Blue Jays celebrate return to Rogers Centre with 6-4 win over Kansas City Royals

TORONTO — Teoscar Hernandez and Bo Bichette homered to help the Blue Jays celebrate their first game in Toronto in 670 days with a...

Simone Biles drops out of 2 more gymnastics finals at Tokyo Olympics – National

U.S. superstar gymnast Simone Biles has withdrawn from two more events at the Tokyo Olympics, leaving her future participation in the rest of the...

Canada’s Kylie Masse wins silver in women’s 200-metre backstroke at Tokyo Olympics – National

Canada’s Kylie Masse won her second silver medal of the Tokyo Olympics in the women’s 200-metre backstroke Saturday. Masse led for most of the race,...

Fed’s Brainard Says Labor Market Hasn’t Satisfied Goals for Reducing Bond Purchases

The U.S. labor market hasn’t achieved enough progress to justify a pullback in the Federal...