Wall Street Opens Lower as Hot Inflation, Higher Yields and Crypto Weakness Pressure Risk Assets
Executive summary: U.S. markets opened under pressure, with the S&P 500, Nasdaq Composite, Dow Jones and Russell 2000 all lower in early trading. The move came alongside a stronger dollar, softer crude, a sharp drop in Ether and Bitcoin, and a notable jump in natural gas. Defensive and rate-sensitive signals were mixed, with defence stocks higher while banks, energy and tech were weaker. [Continue Reading]
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