Day: March 8, 2021

Nasdaq Futures Down 180 Point – Yields Rise on Stimulus Passage

U.S. stocks are seen opening lower Monday, with the richly-valued tech sector likely hard hit as investors fret over higher Treasury yields and potential inflation in the wake of the Covid-19 relief bill passing through the Senate. At 7:05 AM ET (1205 GMT), the Dow Futures contract was down just 2 points, or 0.01%, S&P …

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Dollar marches forward with yields, after robust NFP, stimulus progress eyed

The US dollar is on the rise on Monday after the Senate passed a modified version of the stimulus package and Friday’s robust Nonfarm Payrolls figures. Rising yields and the bump in oil prices are eyed. US ten-year Treasury yields are hovering near 1.60% and continue supporting the dollar. EUR/USD has dipped below 1.19, a …

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