- Stocks in the United States slumped in thin trading a day after setting another all-time high in the last days of the year. Treasuries rose a smidgeon.
- The S&P
Stocks rebounded following their worst three-day decline since September, as investors sought riskier assets. treasuries fell.
The technology-heavy Nasdaq 100 soared more than 2%, led by chipmaker Micron Technology Inc., which
- The economic danger of restrictions to control the new omicron form exceeded optimism about vaccine efficacy in the United States, causing equities to fall and bonds to rise.
- The
JPM’s View
Travel and entertainment could remain somewhat depressed if a new wave emerges. However, other parts of the economy would likely see very little disruption and, as has been the
The technology sector continued losses as rising government yields dampened the outlook for growth equities, while US shares rallied on the back of advances in cyclicals.
After bouncing between gains and
Following President Joe Biden's choice of Jerome Powell to lead the Federal Reserve for a second term, equities lost ground while Treasury yields soared. The dollar increased in value.
The S&P