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US equity futures remained unchanged as investors wait for job data as a result of Thursday's sale in the equity and bond markets.
The yield on 10-year US Treasuries, which reflect the sentiment of risk in the world, rose 3.206% Friday, against 3.196% Thursday, its highest level in more than seven years. Yields evolve in the opposite of prices.
Nine of the 11 sectors of the S & P 500 were under pressure on Thursday, technology being the weakest link, slipping by nearly 2%. Financial services and utilities are the only two sectors in the index to have positive gains. Technology must be watched closely today, given its weakness yesterday, warned Mark Newton, president of Newton Advisors.
"Although this market has been inclined to give way violently to any signs of weakness recently, the fact that prices have collapsed to join a situation already weak in scale and expansion and has developed negatively in the course of correction should begin," said Mr. Newton in a note.
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