US Treasuries yield significantly dropped, serving as a positive signal for the market. Apart from that, the market was supported by macroeconomic stats.As of this writing (8 PM, MSK) S&P500 index is up 2.3%, Dow Jones is trying to keep up with 2.1%, and Nasdaq technology index is today’s leader with 2.6% hike.
Such correction after two days of fairly good growth last Thursday and Friday is reasonable. The earnings season is about to end, and investors are going to focus on growing inflation again.
ПодробнееOfficials somewhat relieved market’s concerns about growing inflation expectations. Besides, another portion of macroeconomic statistics data is in focus today.
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