Appetite for risk was evident on Wednesday as investors appeared ever more relaxed about the health of the bank sector and the prospects for interest rates.
U.S. equity index futures were gaining ground Wednesday as the movement of a key volatility gauge showed a market relaxed about banks and the prospects for interest rates.
How are stock-index futures trading On Tuesday, the Dow Jones Industrial Average DJIA fell 38 points, or 0.12%, to 32394, the S&P 500 SPX declined 6 points, or 0.16%, to 3971, and the Nasdaq Composite COMP dropped 53 points, or 0.45%, to 11716.Strength in China-focused technology stocks — after traders took news of entrepreneur Jack Ma’s re-emergence and Alibaba’s BABA restructuring as a sign of Beijing easing its crackdown on the sector — were also helping the mood.
The 2-year Treasury yield TMUBMUSD02Y , which is particularly sensitive to monetary policy, was trading around 4.06% on Wednesday. Tom Lee, head of research at Fundstrat, noted that VIX futures were now back in contango, a more normal structure where longer-term contracts are priced higher.
United States Latest News, United States Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
NZD/USD recovers to 0.6200 as banking crisis developments offer support amid risk appetite shiftThe NZD/USD currency pair experienced a slight rebound after reaching the 0.6181 mark, following a significant decline over several days due to jitter
Read more »
Two newly discovered Andes Mountain plant species have an appetite for insects'The results presented in this study show that the assessment of the Neotropical biodiversity is far from complete.'
Read more »
Australian Gig Economy Satire ‘Appetite’ Set for Canneseries DebutThe gig economy, and the food delivery industry in particular, are set for scrutiny in “Appetite,” an Australian short-form series that will debut next month at Canneseries, the TV festival that ru…
Read more »
Forex Today: Risk appetite remains intact mid-weekHere is what you need to know on Wednesday, March 29: Risk flows continue to drive the action in financial markets mid-week with US stock index future
Read more »
Joe Hertler and the Rainbow Seekers Play Meow Wolf WednesdayHertler describes his music as 'a mix of Death Cab for Cutie, Jamiroquai and maybe throw a little bit of Dave Matthews and Flaming Lips.'
Read more »