Futures traded lower as Monday’s sell-off in technology stocks carried into Tuesday. Major indices finished the day lower except the Dow, with the Russell 2000 and Nasdaq showing the largest declines. The S&P 500, near recent highs, slipped slightly. The weakness stemmed from concerns about higher inflation, ongoing conflict in Iran after statements about an attack, and rising bond yields. Treasury yields ended modestly lower after a sharp decline, with the 30-year bond at 5.13% and the 10-year note at 4.59%. Energy prices were flat to down, with Brent near $108.20 and WTI around $101.30, while natural gas rose to $3.02. Gold trended higher after recent weakness as investors bought dips.
"After a rough end to last week, precious metals trended higher on Monday as investors bought into the recent weakness. While the same issues that have mud"
#stock-market #technology-sell-off #inflation-and-bond-yields #iran-and-energy-markets #treasury-yields-and-commodities
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