Flight to quality hits tech stocks.
U.S. equities are mixed with tech stocks weighing on the S&P 500 and Nasdaq-100, while the Dow and Russell hold up better. A flight to quality pushes Treasury yields lower as investors pull back from AI-related tech momentum to seek predictable income. In commodities, gold, silver and crude oil push higher, while copper and bitcoin drop. Markets look ahead to Federal Reserve speakers Kevin Warsh and Beth Hammack for any signal on inflation and interest rates before the next FOMC meeting. Plus, a look at the $1 billion market cap earnings slate and incoming Eurozone CPI and U.S. industrial production data.
U.S. equities are mixed with tech stocks weighing on the S&P 500 and Nasdaq-100, while the Dow and Russell hold up better. A flight to quality pushes Treasury yields lower as investors pull back from AI-related tech momentum to seek predictable income. In commodities, gold, silver and crude oil push higher, while copper and bitcoin drop.
Markets look ahead to Federal Reserve speakers Kevin Warsh and Beth Hammack for any signal on inflation and interest rates before the next FOMC meeting. Plus, a look at the $1 billion market cap earnings slate and incoming Eurozone CPI and U.S. industrial production data.