Pre-Market Pulse

Equites bounced overnight as investors bought the dip after recent weakness in tech stocks just as the rally in Treasury yields paused ahead of key inflation data tonight .

Equites ended mixed as the DOW was weighed down by new highs in long term treasuries, while the growth focused Nasdaq defied the elephant in the room, yet again, to finish slightly higher.

Equites closed at their lowest level since June (March for the Dow), as weaker consumer confidence data fueled worry about the economy just as consumers face higher for longer interest rates and inflation that could rein in spending.

Equites edged slightly higher as Amazon fueled a rise in tech and a jump in energy stocks helped stocks wriggle away from the squeeze delivered by surging Treasury yields.

Equites finished mixed to unchanged on Friday, capping a tumultuous week during which benchmark Treasury yields hit 16-year highs and investors digested the Federal Reserve’s hawkish outlook revisions.

Equites, particularly growth stocks, slumped overnight under pressure from a spike in Treasury yields testing multi-decade highs as investors continued to digest the prospect of a higher-for-longer Federal Reserve interest rate regime as the Bank of England made very clear they will be in no rush to pivot

Growth stocks took a tumble overnight as the Federal Reserve kept rates steady and maintained its forecast for one more rate hike this year. In the post announcement press conference, Fed Chair Powell reiterated the central bank would maintain a higher-for-longer rate regime by reining in the number of rate cuts for next year.

Stocks edged lower overnight as Treasury yields rose to their highest level in more than a decade on fresh inflation concerns as investors awaited the Federal Reserve monetary policy update due Wednesday.

Stocks were flat overnight as gains in tech and energy helped offset Tesla-led weakness in consumer stocks just a day ahead of the Federal Reserve’s two-day meeting.

Equities ended sharply lower and Treasury yields headed higher on Friday as plunging chip stocks and mixed economic data dampened investors’ risk appetite, providing a downbeat ending to a tumultuous week.

Equities were up overnight on stronger than expected retail sales pointed to a resilient economy even as inflation data came in hotter than expected.

Equities advanced and U.S. Treasuries oscillated within a tight range on Wednesday after data showed underlying inflation remained on its slow, downward trajectory, boosting expectations that the Federal Reserve will let interest rates stand, for now.