Market Caution: Stock Index Futures Decline, Experts Warn of Potential Impact on Housing Market

RudyAsh

 27 Nov 23

tl;dr

Stock index futures started the week with a slight decline, signaling potential caution among investors. In particular, S&P futures, Nasdaq 100, and Dow futures all dropped by 0.1%. At the same time, the 10-year Treasury yield and the 2-year yield both saw a 2 basis point decrease, standing at 4.46%...

Stock index futures started the week with a slight decline, signaling potential caution among investors. In particular, S&P futures, Nasdaq 100, and Dow futures all dropped by 0.1%. At the same time, the 10-year Treasury yield and the 2-year yield both saw a 2 basis point decrease, standing at 4.46% and 4.94% respectively. Looking ahead, key economic indicators such as personal income and spending data, GDP readings, and ISM manufacturing reports, will provide further insights for economists, especially in the U.S. Additionally, upcoming auctions and new home sales data are anticipated to give a clearer picture of market demand. Despite the U.S. economy showing less sensitivity to interest rates, there are concerns about the impact of Federal Reserve policy tightening on the housing market, as highlighted by UBS's Paul Donovan.

Disclaimer:
This is not financial advice. Please do your own research before investing in any cryptocurrency.