Lates News

With the US 10-year Treasury yield rising above 4.6%, US stock index futures edged slightly lower. Meanwhile, major semiconductor stocks such as Micron Technology (MU.O) and NVIDIA (NVDA.O) continued to decline in pre-market trading. If the S&P 500 index continues to fall today, this stock will close lower for the third consecutive trading day. Rising yields, high inflation, and persistently high oil prices are undermining investors' willingness to invest. Ed Yardeni, President and Chief Investment Strategist of Yardeni Research, said, "A stagflationary macroeconomic environment may not necessarily hinder a country's stock market performance as long as 'companies can still improve profit margins'."