Wall St Futures Slip As Treasury Yields Hit Nine-Month High

<p>Wall St futures fell on Thursday as a jump in U.S. bonds yields, spurred partly by Fitch’s downgrade of U.S. long-term credit rating, pressured rate-sensitive shares and set Wall Street up for another round of selloff. Fitch’s action hit the appetite for risky assets on Wednesday, dragging Wall Street sharply lower as investors took the opportunity to book profits on five months of gains. Megacap growth and technology stocks including Apple (AAPL.O), Alphabet (GOOGL.O) and Microsoft (MSFT.O) slipped between 0.2% and 0.4% in premarket trading, with the yield on the benchmark 10-year note hovering around its highest since November. “US equities, especially cyclicals, look vulnerable […]</p>
<p>The post <a rel="nofollow" href="https://vladimirribakov.com/wall-st-futures-slip-as-treasury-yields-hit-nine-month-high/">Wall St Futures Slip As Treasury Yields Hit Nine-Month High</a> appeared first on <a rel="nofollow" href="https://vladimirribakov.com">Vladimir Ribakov</a>.</p>