empty
03.08.2023 02:27 PM
US premarket on August 3: US stock market continues to decline

Futures on US stock indexes opened with a sharp drop. S&P 500 futures decreased by 0.5% but partially recovered from the downside movement, while Nasdaq 100 futures tumbled by 0.6%. Treasury bonds are also under pressure, leading to a nine-month high in 10-year bond yields.

This image is no longer relevant

The rapid rise in Treasury bond yields over the past four days has negatively affected risk assets, as investors returned to interest rate concerns. Recent economic data related to the job market and today's report on unemployment claims may trigger a larger sell-off in the stock markets. Investors will closely monitor the earnings reports of Apple Inc. and Amazon.com Inc. later, which are likely traders' only hope for market recovery in the current conditions.

Considering the recent rally of US stocks, especially Nasdaq, sensitivity to yield increases remains. Every time yields rise, it leads to corrections in the stock markets, as shown in recent days when strong job market news led investors to expect an aggressive policy by the US Federal Reserve. As a result, the 10-year Treasury yield rose by five basis points to 4.13%. Sales followed discussions that the US Treasury will issue securities worth $103 billion next week, slightly more than anticipated. It is not surprising that earlier this week, Fitch Ratings downgraded the US credit rating to AA+ due to the country's relatively high budget deficit compared to GDP.

Some believe that long-term debt appears overbought in terms of supply and demand, and it is difficult to foresee how the market will handle increased issuance without significant interest rate hikes in the future.

Regarding the European market, the Stoxx 600 index showed its sharpest three-day decline since March. Infineon Technologies AG shares fell by 12% after disappointing forecasts from the German chipmaker. Deutsche Lufthansa AG shares declined due to debt concerns and higher company expenses.

This image is no longer relevant

The Bank of Japan had to intervene again in the bond market to slow down the rise in sovereign bond yields, demonstrating its commitment to curbing sharp rate surges, even if it allows some room for their growth. The yen strengthened against the US dollar by 0.3%.

As for the S&P 500 index, demand for the trading instrument remains relatively low. Bulls have a chance to continue the uptrend, but they need to return the price above $4,515. From that level, there could be a surge to $4,539. Another priority for bulls will be to control $4,557, which would strengthen the bullish market. In case of a decline due to reduced risk appetite, bulls should protect $4,488. A breakthrough of this level may quickly push the trading instrument back to $4,469 and $4,447.

Seleccione el marco de tiempo
5
min
15
min
30
min
1
hora
4
horas
1
día
1
s.
Gana con los cambios en el valor de las criptomonedas con InstaForex.
Descarga MetaTrader 4 y abre tu primera operación.
  • Grand Choice
    Contest by
    InstaForex
    InstaForex always strives to help you
    fulfill your biggest dreams.
    UNIRSE AL CONCURSO

Recommended Stories

El mercado de valores el 14 de marzo: los índices SP500 y NASDAQ continúan cayendo

Los futuros del índice de acciones S&P 500 y NASDAQ continuaron su fuerte descenso y volvieron al desarrollo de un escenario bajista. Las acciones asiáticas, así como los futuros

Jakub Novak 10:16 2025-03-14 UTC+2

Mercado de EE.UU. NASDAQ y S&P 500 en territorio de corrección: 10% por debajo de sus máximos.

S&P500 Análisis del 14 de marzo Mercado de EE.UU.: Corrección profunda. Principales índices de EE.UU. el jueves : : Dow -1.3%, NASDAQ -2%, S&P 500 -1.4%, S&P500 5521, rango 5400

Jozef Kovach 10:15 2025-03-14 UTC+2

Google, la Reserva Federal, Salesforce y los mercados de divisas: eventos que no se pueden ignorar

Los mercados modernos no se detienen: las nuevas tecnologías, los datos macroeconómicos y las decisiones políticas pueden cambiar instantáneamente el equilibrio de poder en la economía global. En este artículo

Natalia Andreeva 11:14 2025-03-13 UTC+2

S&P 500 se acerca a un punto de reversión. ¿Riesgo o oportunidad?

El mercado de valores estadounidense sigue mostrando una alta volatilidad, pero los inversores comienzan a buscar puntos de entrada después de la reciente caída. El enfoque está en la dinámica

Anna Zotova 11:14 2025-03-13 UTC+2

El mercado bursátil el 13 de marzo: el crecimiento de los índices S&P 500 y NASDAQ no duró mucho

Los futuros de los índices S&P 500 y NASDAQ volvieron a caer después de la publicación de los datos de inflación en EE. UU. de ayer, que, sorprendentemente, indicaron

Jakub Novak 07:55 2025-03-13 UTC+2

El mercado de valores el 12 de marzo: los índices SP500 y NASDAQ alcanzaron un nuevo mínimo

Los futuros del índice S&P 500 subieron un 0,2% después de perder un 0,76% al cierre de la jornada anterior, mientras que los contratos de futuros del Nasdaq 100 aumentaron

Jakub Novak 08:18 2025-03-12 UTC+2

El mercado de valores el 11 de marzo: los índices SP500 y NASDAQ cayeron más del 5,0%

La venta masiva de acciones continuó ayer, pero ya se desaceleró hoy durante la sesión asiática, lo que llevó a una recuperación de los futuros de los índices bursátiles estadounidenses

Jakub Novak 08:13 2025-03-11 UTC+2

El mercado de valores el 7 de marzo: los índices SP500 y NASDAQ volvieron a caer

Ayer, los índices bursátiles estadounidenses reanudaron su caída, alcanzando nuevos mínimos semanales. El índice S&P500 perdió un 1,78%, mientras que el tecnológico NASDAQ cayó un 2,61%. Las acciones asiáticas también

Jakub Novak 07:58 2025-03-07 UTC+2
¿No puede hablar ahora mismo?
Ingrese su pregunta en el chat.
Widget callback
 

Dear visitor,

Your IP address shows that you are currently located in the USA. If you are a resident of the United States, you are prohibited from using the services of InstaFintech Group including online trading, online transfers, deposit/withdrawal of funds, etc.

If you think you are seeing this message by mistake and your location is not the US, kindly proceed to the website. Otherwise, you must leave the website in order to comply with government restrictions.

Why does your IP address show your location as the USA?

  • - you are using a VPN provided by a hosting company based in the United States;
  • - your IP does not have proper WHOIS records;
  • - an error occurred in the WHOIS geolocation database.

Please confirm whether you are a US resident or not by clicking the relevant button below. If you choose the wrong option, being a US resident, you will not be able to open an account with InstaForex anyway.

We are sorry for any inconvenience caused by this message.