Fundamental analysis
19 January, 2022
U.S. stocks were poised for muted opening moves following Tuesday’s selloff, and government-bond yields extended their advance, as investors prepare for central banks globally to raise interest rates. Futures for the S&P 500 fell 0.1% Wednesday. The benchmark gauge lost 1.8% on Tuesday, its second decline in three trading days, under pressure from stocks including Goldman Sachs Group and Moderna. Contracts for the technology-heavy Nasdaq-100 were flat Wednesday and Dow Jones Industrial Average futures slipped 0.1%. Investors kept selling government bonds, pushing up yields. Yields on benchmark 10-year Treasury notes rose to 1.893%, compared with 1.866% Tuesday, which was their highest level since January 2020. Yields on interest rate-sensitive two-year notes rose to 1.063% from 1.038% Tuesday.
