Will Wall Street's winning streak come to an end this week

Wall Street experiences a potential end to its winning streak as Treasury yields increase. Premarket trading shows a modest rise with S&P 500 futures up by 0.3% and Dow Jones Industrial Average futures up by 0.2%. However, both indices face declines for the week, with the Dow down 2.1% and the S&P 500 down 0.9%. Rising Treasury yields impact investor interest in equities, leading to a significant 47% drop in Capri Holdings following a blocked merger. In contrast, Tapestry shares increased by over 15%, while Decker Outdoors and Newell Brands saw stock prices rise over 13% and nearly 12%, respectively. In Europe, Germany’s DAX shows no change, France's CAC 40 declines by 0.3%, and Britain's FTSE 100 drops by 0.1%. Russia's central bank raises its key interest rate to 21% due to inflation issues tied to military spending, affecting production and labor costs, despite growth from oil exports. In Asia, the Japanese benchmark index falls as the political situation develops, with core inflation at 1.8%, below the target. Tokyo's Nikkei 225 drops by 0.6%, while the yen weakens against the U.S. dollar. The Hang Seng and Shanghai Composite indices rise slightly, and South Korea's Kospi and Australia's S&P/ASX 200 show minor increases. U.S. crude prices rise to $70.74 a barrel, while Brent crude stands at $74.55, with the euro stable at $1.0828.Learn more on this news visit us at: https://greyjournal.net/ Hosted on Acast. See acast.com/privacy for more information.