Stock market opens flat, but fights to bounce back after rising rates rattle Wall Street

U.S. stocks opened little changed to slightly higher on Wednesday as investors wrestled with rising rates, with bond yields holding at multiyear peaks after surging on Tuesday on brisker-than-expected retails sales and manufacturing.

The Dow Jones Industrial Average was trading flat, up less than 0.1% at 24,711 after halting an eight session rally Tuesday as investors were spooked by the climb in the 10-year Treasury note to the highest level since 2011 above 3% on Tuesday. on Wednesday rates mostly held their ground as investors digested the recent moves in government paper.

The S&P 500 index advanced slightly, picking up 0.1% at 2,714, while the Nasdaq Composite Index rose about 0.1% to 7,358.

Source: marketwatch

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com

Dow fights for direction as traders weigh North Korea’s latest posturing

U.S. stocks looked set to struggle for direction on Wednesday, with fresh North Korea worries appearing to weigh on sentiment.

The equity market has scored significant gains so far this month, but it suffered a sizable drop on Tuesday, as the Dow halted an eight-session winning streak.

Dow Jones Industrial Average futures inched higher by 26 points, or 0.1%, to 24,686, while S&P 500 futures tacked on 3.25 points, or 0.1%, to 2,712.25. Nasdaq-100 futures edged up by 8.25 points, or 0.1%, to 6,898.75.

On Tuesday, the Dow , S&P and Nasdaq Composite COMP, -0.81% all closed lower by 0.7% to 0.8%.

Source: marketwatch

PT Bestprofit Futures – MARKET
Sumber : bpfnews.com