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Equities took a breather Wednesday, a day after notching their longest winning streak in two years as investors continued to digest quarterly earnings and remarks from Federal Reserve officials.
Equities with the S&P 500 and Nasdaq notching their longest streak of gains in two years, as a retreat in U.S. Treasury yields buoyed megacap growth stocks.
Weakness in banks was offset by renewed demand for tech amid a surge in Nvidia ahead of a slew of incoming economic data set to provide further insight on the consumer.
The upside was capped in equities on Friday night as renewed inflation fears pushing Treasury yields higher and deflating investor bets that the Fed is unlikely to resume rate hikes later this year.
Equites closed slightly higher overnight, supported by a jump in Disney after giving up the bulk of its gains as a climb in Treasury yields weighed on sentiment even as data showed further signs of easing inflation
Equities fell overnight as the slide in tech continued, paced by weakness in chip stocks as investors remained wary of making bullish bets ahead of Thursday inflation report. Natural gas spiked on industrial action in AU
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