Significant market signals this week that warned of a possible recession
rebounded from historic lows on Wall Street Friday, as did the sagging
major U.S. indices.
Both 10-year and 30-year Treasury bonds, which tumbled to record lows
Wednesday, stabilized with gains Friday. Analysts said the bonds' losses
often indicate a coming recession.
The Dow Jones Industrial Average, which has also seen tremendous losses
this week, kept up momentum in trading Friday, two days after it's worst
daily performance of 2019 also concerned experts about a recession.
By noon Friday, the Dow had gained more than 260 points, but still
appeared to be headed for a net loss for the week. The S&P 500 had
added 37 points and the Nasdaq 116 by mid-Friday.
"Although Treasury yields are climbing away from record lows on Friday
as some tranquility returns to markets, the movements in the bond
markets are poised to remain on investors radars in the week ahead,"
Lukman Otunuga, senior research analyst at FXTM, said.
The recent volatility in U.S. markets has also been fueled by
uncertainty with the ongoing trade conflict between the United States
and China. Beijing vowed to retaliate this week after U.S. President
Donald Trump said new tariffs would be placed on a list of Chinese
exports. Those new taxes, however, were delayed until mid-December.
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