RudyAsh
15 Dec 23
Stock index futures rallied again on Friday, pointing to the fourth straight session of gains. S&P futures (SPX) 0.3%, Nasdaq 100 futures (NDX:IND) 0.3%, and Dow futures (INDU) 0.3%. The 2-year Treasury yield (US2Y) fell 3 basis points to 4.37%, while the 10-year yield (US10Y) fell 2 basis points...
Stock index futures rallied again on Friday, pointing to the fourth straight session of gains. S&P futures (SPX) 0.3%, Nasdaq 100 futures (NDX:IND) 0.3%, and Dow futures (INDU) 0.3%. The 2-year Treasury yield (US2Y) fell 3 basis points to 4.37%, while the 10-year yield (US10Y) fell 2 basis points to 3.91%. This week, the 10-year yield fell below 4% for the first time since August. Investor sentiment remained upbeat in the wake of the Federal Reserve's dovish pivot this week. Markets are celebrating the Fed's view of rate cuts on the horizon with stocks higher, yields lower, and the dollar weaker. However, the resulting optimism among investors has caused financial conditions to loosen dramatically as equity and commodity prices soar and credit spreads tighten. As portfolio values climb, households' perception of having increased wealth is likely to spark another consumer spending spree, thereby supporting inflation. Friday's economic calendar is light, with industrial production data due later in the morning.
Disclaimer:This is not financial advice. Please do your own research before investing in any asset.