Key Takeaways
- Oil Price Decline Alleviates Inflation Concerns, Offering Market Relief
- Flight To Quality: Bonds And Gold Remain Safe Haven Assets
- Market Anticipates Federal Reserve Minutes And Corporate Earnings Releases
The rally in equities that began last Friday continued through Tuesday. The S&P 500 gained 0.5% with ten out of the eleven sectors higher on the day. The Nasdaq Composite was also up, closing higher by 0.6%. Bonds participated in the rally as well, having their best day since August. In premarket activity, both the S&P 500 and Nasdaq Composite are higher by just under 0.5% while bonds are up over 1.3% with the yield on the 10 year note at a two week low.
Support authors and subscribe to content
This is premium stuff. Subscribe to read the entire article.
Login if you have purchased